Fulton Board Begins Consideration of Proposed 2011 Budget | Print |

In their meeting today, Wednesday, November 17, 2010, the Fulton County Board of Commissioners accepted the County’s proposed 2011 budget. The proposed budget anticipates no tax increase, no layoffs or furloughs, and maintains current service levels.

The County anticipates ending the year with over $112 million in reserves, which is $72 million more than budgeted.  As presented, the proposed 2011 budget would require use of $72 million of this reserve funding.

Chairman John H. Eaves, County Manager Zachary L. Williams, and Finance Director Patrick J. O’Connor serve as the three-person Budget Commission responsible for development of the proposed budget.  The full Board of Commissioners will continue discussion of the budget during their next scheduled meeting on Wednesday, December 1, 2010.

In recent years, Fulton County has faced revenue loss due to the decline in the housing market, changes in Georgia tax code related to homestead exemption, and loss of sales tax revenue. Despite these constraints, the Fulton County Board of Commissioners has not increased its millage rate in over a decade.

“We are in a strong financial position and are proud to continue providing the same level of service despite the economic downturn.  We recognize that many residents need our services now more than ever,” said County Manager Zachary L. Williams.  “During the coming year, we anticipate making further adjustments to ensure an even stronger financial position into the future.”

On or before the last Wednesday in December, the Board is required by law to approve and advertise a tentative budget. A final public hearing will be held on January 5, 2011, and by January 31, 2011, the Board will finalize the 2011 budget.