The city of Loganville will have the second of two budget public hearings at 6:30 p.m. tonight at City Hall. At the first meeting on May 4, the City Council noted that the $7.76 million fiscal year 2013 budget was down by a little more than 2 percent over last year.
“This is a very lean budget and I’d like to commend the department heads and City Manager Bill Jones,” said Mayor Ray Nunley. “It’s a lean budget and I expect it to get leaner - property values is where it stems from – that is where our problem is. All of these things are attached to the economy. While we are watching this happen, our expense - gas, chemicals everything we buy is increasing.”
The council disclosed that this was done without having to raise taxes and without having to dig into the $2.7 million “rainy day” fund.
“”Keep in mind, we need to keep three to six months in our reserves,” Councilman Mark Kiddoo, chairman of the city’s finance committee, said.
It was also pointed out that this budget comes in advance of the digest, so it is simply a projection on what is expected. When the counties complete the property value assessments, the revenue figures are likely to change.
The public hearing will be followed at 7:30 p.m. by the Loganville City Council Work Session.