PTC budget nearly complete

PTC budget nearly complete

Peachtree City’s $38 million budget for next year is almost ready to be put to bed.

Two weeks ago, City Manager Jon Rorie outlined the spending for next year. 

“This is the best financial position we’ve been in since I’ve been city manager,” said Rorie. 

The city projects just over $38 million in revenue, but that could change based on the final tax digest from the county. If the projected revenues are correct, Rorie said, the city will use $490,000 in money from its reserve fund to balance the budget. Rorie projected the millage rate at 6.232, which is a reduction of .176 since the bond has been paid off this year. 

The budget includes a COLA adjustment for employees on Jan. 1, 2020, a $7,000 reduction to the Airport Authority, and more than $26,000 in reduction to the Fayetteville County Development Authority. The city plans to use those funds for its own economic development efforts.