ALPHARETTA, Ga. — Alpharetta city officials are wrestling with a spending plan for next year in the midst of a total reset on revenue streams from the new floating homestead exemption on residential property.
At a special noon workshop held Monday, the City Council tried to prioritize major capital expenditures not included in the proposed budget that was introduced in April. The 2020 proposed budget calls for a total of $141 million in spending. About half the total, $75 million, is committed to general government operations, like salaries and departmental operations. That’s up about 1.5 percent from the current year’s budget.
Major capital expenditures, such as road construction, land acquisition and vehicle replacement, total $34 million. About half that total, $15 million, is committed to transportation sales tax projects.
The proposed spending plan is based on maintaining the tax rate of 5.75 mills on property. It also maintains the city’s $40,000 homestead exemption.
The City Council will hold public hearings on the budget and the property tax rate to fund it at 6:30 p.m. on May 28 and June 3 at City Hall.