Suwanee Millage Rate Remains At 4.93, Same As Past Eight Years

Suwanee GA

10 August, 2020

11:30 AM

Description

Press release from the City of Suwanee: 08/07/2020 After analyzing the 2020 tax consolidation information provided by Gwinnett County, the City of Suwanee is proposing that the millage rate remain at 4.93 mills, the same rate adopted by the city the past eight years. The City of Suwanee began the new fiscal year July 1 with a $13.4 million balanced operating budget. This year's budget represents a 3.3% decrease in operating expenditures as compared to FY 2020. Suwanee's $13,438,080 FY2021 budget includes: 107 full-time and 16 part-time positions $40,000 cyber security program $30,000 new public works equipment $55,000 replacement police vehicle $37,000 new police equipment $97,000 police dispatch software upgrades $10,000 election equipment "Development of the FY2021 budget occurred as the financial realities of COVID-19 began to emerge. At this time, we do not know the full extent the pandemic will have on our revenues and expenses. As such, we took a very conservative financial approach for the FY2021 budget," said Amie Sakmar, City of Suwanee Financial Services Director. Due to the pandemic, all revenue projections were reduced to recession activity performance using 2008-2012 data. The FY2021 budget is based upon the assumed millage rate of 4.93 mills. The millage rate for FY2021 will be set at the August 25 City Council meeting after public hearings at City Hall on August 13 at 5:30 pm and August 25 at 12:00 pm and 6:30 pm. For more information regarding the City of Suwanee's FY2021 budget, please visit Suwanee.com and click on the Open Budget icon on the homepage. This press release was produced by the City of Suwanee. The views expressed here are the author's own.