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Fayette County reviews FY2024 finances and weighs millage shift as state tax rules change
Summary
At a May 9 retreat the Fayette County Board received FY2024 financials showing a $19.9M operating balance and staff outlined how HB 581 and HB 92 will alter assessment notices and homestead exemptions; staff proposed lowering the Fire millage and doubling EMS millage to fund two new EMS units and six officers.
FAYETTEVILLE, Ga. — Fayette County officials met May 9 for a retreat that combined a detailed FY2024 financial review with early decisions about how new state laws will affect property-tax notices and county millage rates.
Chief Financial Officer Sheryl Weinmann told the Board FY2024 closed with a $19.9 million General Operating Fund balance allocated across stabilization, emergency, capital improvement and unassigned reserves. Weinmann said revenues are projected to be about $1.8 million below budget in FY2025, driven in part by property-tax appeals and softer categories such as licenses, permits and charges for service.
Board members and staff focused substantial attention on two recent…
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