Sandy Springs City Council is considering a budget proposal that will take a projected $11.2 million surplus and spend it on construction projects, including $9 million for its downtown redevelopment plans.
The Fulton County Board of Assessors also told the city that property values won’t decline as much as previously thought. Instead of budgeting for a 6 to 8 percent decrease in property taxes, the board told the city it can expect a 3.4 percent drop. City Manager John McDonough factored a 5 percent drop into the city’s budget plans.
The Sandy Springs City Council held a budget workshop on May 22 and praised McDonough and his staff for their handling of the city’s finances.
“I don’t think there’s another city that has as painless a process,” Mayor Eva Galambos said.
The $179 million budget proposal for Fiscal Year 2013, which begins July 1, includes $90 million for the general fund and $73 million for capital projects, which include paving and parks.
The budget proposes doubling what the city plans to spend developing a downtown.
The city is taking its $11.2 million surplus and spending it on capital projects, which include $4 million for downtown infrastructure like parking and $5 million for a new city hall. City consultant Goody Clancy is currently seeking public input as it draws up a draft of the downtown master plan, due this fall.
McDonough said he’s crafted a conservative budget that he expects will show a “positive cash flow” at the fiscal year.
“This is an exciting time for the city,” McDonough said.
Sandy Springs City Council will consider adopting the budget on June 19.