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Oakwood tax rate to remain same

POSTED: October 21, 2013 5:27 p.m.

Oakwood residents will see the same tax rate when tax bills go out Dec. 2.

City Council gave its final OK Monday to a rate of 2.658 mills, with 1 mill equal to $1 per $1,000 in assessed property value.

Taxes will go to support a proposed 2014 budget, which is set for a public hearing at 4:30 p.m. next Monday and adoption at 7 p.m. Nov. 11.

Those actions will take place at the Oakwood City Hall, 4035 Walnut Circle.

Next year’s budget, which takes effect Jan. 1, does call for a first-time user fee for the South Hall city’s sewer customers.

The city is proposing a $2.67 million budget for sewer operations next year. Revenue sources include $1.9 million in Georgia Environmental Finance Authority loan proceeds, $250,000 in connection fees and $175,000 from the general fund.

Another $245,000 would be raised by the new sewer fees.

“Long term, we’ve got a note that will be about $1 million a year worth of payment we’ll need to make to GEFA,” City Manager Stan Brown has said.



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