Augusta Commission votes 7-0 to raise property taxes | The Augusta Chronicle

31
Jul

Augusta Commission votes 7-0 to raise property taxes | The Augusta Chronicle

Augusta commissioners broke a seven-year trend Wednesday and agreed 7-0 to raise property taxes by 1.75 mills to cover a deficit and provide employees a small bonus.

The compromise plan, brokered between commissioners and the mayor after a first vote on a 2-mill increase failed and the meeting was recessed, includes a $500, one-time bonus for all staff plus the opportunity for them to sell five vacation days back to the city.

Facing Georgia Department of Revenue deadlines for setting the millage rate, which must be done before tax bills are mailed to collect both Augusta and Richmond County Board of Education operating revenues, commissioners gathered in the chamber after the recess and worked out a deal.

The 1.75-mill increase, which amounts to a $61.25 annual increase in the county portion of the tax bill on a $100,000 house subject to a typical homestead exemption, will generate $7.9 million. The bulk of the funds will go toward covering a $5.9 million operating deficit for the current fiscal year, while $625,000 will pay full-time employees a one-time $500 bonus. Another $625,000 will be available for employees who want to sell up to five vacation days back to the city before the year ends.

via Augusta Commission votes 7-0 to raise property taxes | The Augusta Chronicle.

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