The Marietta Daily Journal – Bond would bring mill rate hike

17
Jul

The Marietta Daily Journal – Bond would bring mill rate hike

MARIETTA — Councilman Philip Goldstein wants voters to know that even if the Marietta Board of Education is lowering taxes as planned, there will still be an overall tax increase if the $68 million redevelopment bond is approved this fall.

Based on estimates that the redevelopment bond would require a rate of 2 mills for 20 years, the millage rate would increase .81 mills above this year’s amount, taking into account the school board’s drop of 1.19 mills, said Beth Sessoms, the city’s economic development director.

This increase is one of the reasons Goldstein said he voted against raising the bond amount from an initial $35 million to a proposed $68 million.

Robbie Huck of Marietta is heading a task force aligned with Lance Lamberton’s Cobb Taxpayers Association against the bond proposal.

Her group is trying to prevent the tax hike through voter education, she said.

via The Marietta Daily Journal – Bond would bring mill rate hike.

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