No variable specified
Brookhaven Mayor J. Max Davis presents $15M budget to city council
by Staff Reports
January 25, 2013 05:49 PM | 1232 views | 0 0 comments | 9 9 recommendations | email to a friend | print
Brookhaven Mayor J. Max Davis, Friday, submitted the first ever city of Brookhaven budget recommendation to city council. The fiscal year 2013 budget anticipates enough revenue to support a responsive and transparent organization and provides an economically stable approach to creating a well-maintained, safe and financially sound city.

The recommended budget provides $15.7 million in anticipated revenues and includes funds that will be used for service enhancements and the start of a Brookhaven police force in 2013. The budget also recommends remaining within the 3.35 millage rate cap as outlined in the city charter.

“Our financial health reflects our city’s overall strength, and we must strive to be fiscally healthy,” said Davis. “The 2013 Brookhaven budget recommendation represents a concerted effort to present a balanced budget, containing no surprises, helping us create a vibrant and service-oriented city.”

To properly address cash flow needs, the city approved and executed a Tax Anticipation Note in the amount of $5.4 million for its 2013 budget at an interest rate of 0.60 percent. These funds help the city responsibly deliver services almost immediately without having to wait on tax revenues to begin flowing.

“We understand and anticipate our revenues will be lower in our first year,” said Davis. “Our proposed budget is in line with the Carl Vinson Institute of Government Feasibility Study for Brookhaven figures for year one. We will closely monitor both revenues and expenses throughout our first year, setting ourselves up for success in the years to come as all revenues due to the city are scheduled to be received starting in 2014. It demonstrates our focus on accessibility, transparency and provision of the level of services our residents deserve.”

The city council will review the budget recommendations and plans to hold a public hearing on the budget Feb. 26, at which time councilmembers will discuss budget items and address any questions they may have concerning the recommendation.

Information: (404) 637-0500 or visit www.brookhavenga.gov .

Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, spam, and links to outside websites will also be rejected. Please read our terms of service for full guides