DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Resolution adopting the 2024 Millage Rates for the General fund, General Obligation Bond Fund, and the Fulton Industrial District Fund, as well as the 2024 Fulton County Board of Education millage rate.
(MOTION TO APPROVE FAILED ON 8/7/24) (APPROVED)
body
REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
O.C.G.A 36-81-5; O.C.G.A 48-5-32; O.C.G.A 48-5-32-1 and O.C.G.A 48-5-310
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: The Finance Department recommends approval of the attached Resolution which includes the County's 2024 General Fund, Bond Fund, and Special Service District - Fulton Industrial District millage rates. Per statute, the Fulton County Board of Education recommends a 2024 millage rate of 17.080 to the Board of Commissioners (BOC) who in turn approve the recommended rates, perfunctorily. The Fulton County Board of Education adopted their final millage rate on August 6, 2024.
Listed below are the proposed millage rates for 2024 and actual rates for the last two years:
2022 2023 2024 Change
General Fund 8.870 8.870 8.870 0.000
Bond Fund 0.200 0.180 0.170 (0.010)
Fulton Industrial Dist. 9.550 9.340 9.410 0.070
The Board previously approved Item 24-0431 on June 26, 2024 that authorized a proposed millage rate, advertisement of the 5-year levy ad, set the public hearing dates, authorized the Chair to sign the Pending...
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