Gray, Georgia Weather

City to hold tax rate in coming budget
by Chuck Thompson
Sep 27, 2012 | 866 views | 0 0 comments | 4 4 recommendations | email to a friend | print
The Gray City Council’s finance committee unanimously approved a tentative budget just below $2 million and the same 9.5 millage rate as last year during a called meeting last Thursday morning.

The budget and millage rate will be presented to the full council at the next regular meeting at 6 p.m. Oct. 1. A public hearing on the budget will be held during a called meeting Oct. 15 at 6 p.m., and the final vote for approval of the budget and millage rate can be held at the regular council meeting on Nov. 5.

The tentative budget expenses for 2013 are $1,966,546, and the projected revenue for the fiscal year is $1,974,546.60, leaving a surplus of $8,000.60, which will be placed in a contingency fund.

By department, $749,486 is budgeted for general administration, $668,400 for the police department, $177,260 for the municipal court, $70,400 for the fire department, and $309,000 for the street department.

Mayor Pro Tem Loretta Lipsey and City Clerk Hope Harrison presented a number of cuts during the work session before the vote to whittle down an $83,514.52 shortfall in the previous proposed budget.

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