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Hiram finance briefing flags revenue risks from state changes and explores a millage option
Summary
City staff briefed the council on reliance on SPLOST and a 1¢ local option sales tax stream that produces roughly $1.3M, rising costs since COVID, and legislative risks (Senate Bill 33) that could reduce revenue; staff said a millage rate could provide predictable income but would require public meetings and council action.
City finance staff presented an exploratory briefing on the city’s revenue mix and the possibility of adopting a millage rate to create a more predictable income stream.
The presentation said Hiram has historically relied on a combination of local-option sales tax (about $1.3 million), occupational taxes (about $600,000) and finance fees (about $500,000), and that the city’s share of some revenue streams is constrained by county allocations (the briefing cited…
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