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Suwanee’s Proposed Millage Rate to Remain at 4.93

The City of Suwanee has proposed a millage rate of 4.93 mills, the same proposed rate used in the proposed FY2020 budget and the same rate used by the City over the past seven years.

Post Date:08/09/2019 8:46 AM

The City of Suwanee has proposed a millage rate of 4.93 mills, the same proposed rate used in the proposed FY2020 budget and the same rate used by the City over the past seven years.

This proposed millage rate of 4.93 is higher than the calculated rollback rate of 4.709 mills.  The rollback rate is the rate that would generate the same total revenue as the previous year after removing growth added due to re-assessments.

City Council is expected to adopt a fiscal year 2020 millage rate at its regular August 27 meeting.  Because the proposed rate is anticipated to generate a 4.69 percent increase in property tax revenues due to growth from property value re-assessments, the City will hold three public hearings at City Hall on August 15 at 5:30 pm and August 27 at 12:00 pm and 6:30 pm before adopting the millage rate.

The proposed tax increase for a home with a fair market value of $320,000 is approximately $28.29 and the proposed tax increase for non-homestead property with a fair market value of $590,000 is approximately $52.16.

The City of Suwanee began the new fiscal year July 1 with a $13.8 million balanced operating budget. This year’s budget represents a 2.2 percent increase over the $13.4 million adopted budget for the recently ended 2019 fiscal year.

Suwanee’s $13,766,780 FY2020 budget includes:

  • 106 full-time and 17 part-time positions, including one new position and five position upgrades
  • $20,000 for a pedestrian and bicycle plan update
  • $9,600 for a pilot park trash project
  • $17,000 for right-of-way permitting
  • $40,000 for a cyber security program
  • $181,000 for recommended capital funding
    • $30,000 will go towards buying new public works equipment
    • $79,000 will be used to purchase two replacement police vehicles
    • $72,000 will help buy new police equipment

For more information regarding the City of Suwanee’s FY2020 budget, please visit Suwanee.com and click the Open Budget icon in the center of the page.

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