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SOUTH FULTON 101
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SOUTH FULTON'S 2019 BUDGET
A primary responsibility of every level of government — from Congress to your local City Council — is passing a Budget. The City Budget determines how tax dollars collected by the city are spent. The Calendar by which governments (and businesses) spend money is known as the Budget Year or Fiscal Year (FY).
The City of South Fulton's Fiscal Year begins each October 1 (just like a school calendar, where the 2020 School Year begins in Fall 2019).
The Federal Government's Fiscal Year also beings October 1.
The Fiscal Year for Fulton County begins January 1.
The Fiscal Year for Fulton County Schools begins July 1.
The Fiscal Year for the State of Georgia begins July 1.
After holding several Public Hearings to get citizen feedback on the 2019 Budget, South Fulton's City Council will make final decisions on the budget at a Special Council Meeting this Tuesday.
Our 2019 Budget is nearly $100 Million. This 30 percent increase comes from increased property values and the T-SPLOST Transportation Sales Tax funds. Read more about the T-SPLOST in the South Fulton 101 seciton (in the green coloumn below). View the entire Proposed FY2019 budget at the link below.
Note: Administration includes Mayor, Council, HR, IT, Facilities, Financial, Legal, Clerk salaries & expenses. Public Works includes streets, right-of-way and stormwater maintenance. Economic Development includes Planning Department salaries & services, and money collected from Hotel/Motel taxes.
Fourteen percent of the City Budget goes to service our Tax Anticipation Note (TAN) debt. This is the money the City borrowed during startup while waiting to receive property tax revenues from the state. This percentage our budget used for debt service is decreasing each year, and South Fulton is moving faster than previous new cities in balancing its budget..
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