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City of South Fulton reports $14.5 million earned in interest, revenue growth to about $260 million
Summary
City officials said the city now holds interest-bearing investments and reported rapid revenue growth since 2017; property taxes now account for a smaller share of the budget after a 2023 millage rollback.
City Manager Sharon Soubadan and Mayor Kobe told attendees that the City of South Fulton has moved city funds into interest-bearing investments and reported substantial revenue growth since incorporation.
“When I arrived in 2023, the city had no interest bearing investments. Our funds are now invested aligning with state guidelines, and we have earned $14,500,000 in interest to date,” City Manager Sharon Soubadan said.
Mayor…
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