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Villarrica proposes $56.7 million FY2026 budget; general fund to cover TAD debt and hire officers
Summary
Interim Finance Director Amanda Long presented a $56.7 million proposed FY2026 budget Aug. 26 that would maintain the 5.588 millage, adds four police officers budgeted for a quarter year, and leaves $1.83 million in department requests unfunded; council will vote on the budget Sept. 9.
Amanda Long, interim finance director, presented the Villarrica proposed FY2026 budget at the Aug. 26 called meeting, calling for a $56.7 million total budget and recommending the council maintain the adopted millage rate at 5.588 to fund operations and rising debt service. The council opened a public hearing on the budget; the council did not vote on the budget at that meeting and scheduled a vote for Sept. 9.
Long said the total proposed budget of $56.7 million breaks down roughly as: general fund 42%, water and sewer 24%, Eastside TAD 12.2%, and debt service 7.8%. She said the TAD debt-service line in the budget is increasing sharply and that the general fund will need to cover a substantial portion. Long summarized revenue assumptions: holding the millage at 5.588, a projected $220,000 increase in franchise taxes, $265,000 in additional sales tax revenue, $120,000 more in insurance premium tax, a $76,000 decrease in interest…
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