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Posted on: June 13, 2019

Marietta City Council Adopts Balanced FY 2020 Budget With A Property Tax Decrease

finance

June 13, 2019

CONTACT: Lindsey Wiles

Communications Manager

lwiles@mariettaga.gov

770.794.5509

MARIETTA – On Wednesday, June 12, 2019, the Marietta City Council voted to adopt a balanced budget for Fiscal Year 2020, which begins July 1, 2019, and ends June 30, 2020. The budget, which was recommended by City Manager Bill Bruton and Finance staff, was passed with no service reductions and no tax or fee increases. The budget included a 4.45% property tax decrease.

Homeowners within Marietta City limits will see a quarter mill decrease on their property taxes because the City was able to reduce the tax rate applied towards the Franklin Gateway Redevelopment Bond by paying off a portion of the bond earlier than expected. Additionally, the City of Marietta has not raised property taxes in 18 years.

The general fund budget funds general government services including police and fire services, parks and recreation programs, code enforcement, planning and development, and streets and public works maintenance.

The City’s millage rate that supports governmental services is currently 2.788 mills and is expected to remain the same.

The City’s overall FY 2020 budget is $ $331 million, which includes the $61.79 million for the general fund budget.

More info: Marietta’s Finance Department/Budget Division, 770-794-5544

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