DeKalb commissioners unanimously approve midyear budget

July 9, 20192min1290
mikethurmond
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Today, the DeKalb County Board of Commissioners unanimously approved CEO Michael Thurmond’s Fiscal Year 2019 midyear budget.

 

“This rare unanimous vote proves the CEO has built common ground with the Board of Commissioners to provide the necessary services and improve the quality of life for the residents of DeKalb,” Commissioner Larry Johnson said.

 

DeKalb County’s Fiscal Year 2019 midyear operating budget is $1.3 billion and projects an end-of-year tax fund balance, or rainy-day fund, of $110 million. This amount will cover county operations for 2.02 months.

 

“I would like to thank the Board of Commissioners for working together to provide unprecedented tax relief for DeKalb County property owners,” Thurmond said.

 

Commissioner Jeff Rader, presiding officer of the Board of Commissioners, said “I am gratified that the process yielded a unanimous vote after committee review. I am pleased to have contributed toward the rollback of the countywide millage rate.”

 

The adopted budget includes rolling back the Combined Countywide Operational rate, from 10.364 mills in Fiscal Year 2018 to 9.952 mills in Fiscal Year 2019, reducing the rate by 0.412 mills. The projected value of the millage rate rollback is $12 million, which will provide a property tax reduction of $41.20 on properties valued at $250,000. The benchmark millage rate for unincorporated DeKalb will remain at 20.81 mills.

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