Flowery Branch City Council members have approved the city’s first millage rate increase since 2006.
The change — from 2.837 to 3.337 mills — comes after the June approval of the city’s $3.4 million general fund budget for the 2015 fiscal year. A mill represents $1 for each $1,000 in assessed value.
“The ordinance will levy said tax upon all properties subject to taxation by the city of Flowery Branch,” City Attorney Ron Bennett read from the proposed ordinance prior to Thursday’s vote. “The ordinance provides for a time of payment for the taxes; it provides for interest and penalties for the failure to pay these taxes.”
The increased millage rate translates to a property tax increase of 17.62 percent; for example, owners of a home with a fair market value of $175,000 would see their tax bill increase around $35.
The extra revenue generated from that 0.5 mill comes to around $110,000, to be used for capital projects.
Some of the major projects planned for the next year include replacing the Spring Street bridge washed out in 2013 flooding. There’s also a plan to place dedicated turn lanes on McEver Road to both Gainesville Street and Jim Crow Road, and a more major project with a traffic circle from Lights Ferry Road to Atlanta Highway.
The vote on the millage rate was unanimous, though Councilman Joe Anglin was absent. He did vote against both budget adoption and the first reading of the ordinance at the City Council’s June 26 meeting.
The next City Council meeting is scheduled for 6 p.m. Monday at City Hall, 5517 Main St., Flowery Branch.