With eyes on adopting it at their July 19 meeting, the City of Fayetteville hosted their first public hearing for the Fiscal Year 2019 Budget at Thursday night’s city council meeting.
Director of Finance Michael Bush offered up an in-depth presentation of the proposed budget’s numbers. The total budget comes in at just over $55 million, an increase of $2.8 million over 2018.
The biggest increases come from the General Fund ($1.9 million) and Water & Sewer Fund ($1.3 million).
The bulk of general fund revenues comes from taxes (53 percent), followed by SPLOST (26). The biggest chunk of expenditures goes towards police (34 percent) and fire (28 percent).
Bush laid out the expenditures in clearer terms. With taxes on a $184,000 property, 34 cents of every dollar goes towards police and 28 cents goes toward fire. The smallest slices go to Building & Grounds, Executive Services, Debt Services, and Building Inspections that each see just three cents on the dollar.
City Manager Ray Gibson cautioned that the city is likely looking at a millage rate increase.
“We haven’t had to look at this the last few years, but we’re looking at a potential millage increase,” said Gibson, noting that a firm number will be finalized soon. “The early estimate is about a 1.5 to 1.74 mill increase to make the budget work.”