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Posted: August 7, 2009 12:30 a.m.

Social Circle reveals proposed FY2010 budget

City to hold first public hearing Monday

The city of Social Circle will be holding its first of three public hearings regarding the fiscal year 2010 budget on Monday, Aug. 10. The meeting will take place at 6:30 p.m. in the Community Room of the old City Hall.

The proposed budget would cost a total of $3,650,687 from the general fund. These expenditures cover salaries, construction, maintenance and other public services. Property taxes, business taxes and other sources of income, including over $435,000 in grants, are fully expected to pay for all of these costs.

The current plan also gives $2,070,272 from the water and sewage fund to cover expected costs in those categories. At the current water rates and sewage rates, the city would make enough money back to pay that cost in full.

The city has also allocated $4,494,266 to pay for gas. It is expected to break even after bills are collected.

Finally, $322,991 has been allocated for the collection and disposal of garbage. Garbage collection charges are currently expected to pay the cost in full.

In addition to setting the budget, the City Council must also set the millage rate for all 2009 property taxes. The proposed millage rate for the 2009 is 8.411.

The millage rate for 2008 was 7.411. The rate hike this year would be the first time the rate has gone up in more than five years; it had declined for the previous five years.

The increase to the millage rate is expected to bring in about $1 million in revenue for the city, which the Social Circle Development Authority will use to acquire land for economic development. The goal of the increased rate is to ultimately bring in more jobs for the city.

The Downtown Development Authority recently purchased 1.88 acres off Lakewood Drive for $605,000. The apartments there will be used to generate revenue, and will eventually be demolished to allow expansion of the city cemetery.

A second public hearing will he held at 1:30 p.m. on Monday, Aug. 17. The final public hearing will he held at 6:30 p.m. on Tuesday, Aug. 18. Following this hearing, the city council and mayor will meet to consider adopting the budget and the millage rate. All of these meetings will occur in the Community Room of the Old City Hall.

The complete budget, as it is currently written, is available for viewing at City Hall from 9 a.m. to 4:30 p.m. on all weekdays or online at www.socialcirclega.com.

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