Impact
WARD / COUNCILMEMBER: City-wide
$ IMPACT:
Title
Public Hearing for the 2021 Millage rate; there will be no vote on this date.
Body
ISSUE AND BACKGROUND:
The FY22 budget approved by council included revenue projections based on 8.99 mills. This is the first of three required public hearings before the formal adoption of the 8.99 millage rate. Tax information was received from Cobb County on June 24, 2021. Per the information provided, the City would need to roll back the millage rate to 8.468 to not advertise a tax increase. In comparison, last year's millage rollback was calculated at 8.728.
The official notice, and all required information, was posted in the Marietta Daily Journal on July 9th. It will be posted again on July 23rd. A press release was sent to the Marietta Daily Journal on July 6th. It has also been posted on our City website. This is the first required public hearing. Additional hearings will be held at 10 am and 6:45 pm on Aug 2nd. The adoption of the millage rate will be an agenda item on the 6:45 meeting on Aug 2nd.
RECOMMENDATION / REQUESTED ACTION: This is the first of three public hearings on the 2020 millage rate adoption.