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Buford commission adopts FY2026 budget, approves 14.50 millage and authorizes up to $20.455M in redevelopment bonds
Summary
After a public hearing with one question from the public, the commission approved the FY2026 operating budget, set a net millage rate of 14.50 mills, and authorized Urban Redevelopment Agency revenue bonds not to exceed $20,455,000. Votes were unanimous on these items.
The Buford City Commission adopted the Fiscal Year 2026 operating budget and set the 2025 net millage rate at 14.50 mills on Oct. 6, following a public hearing. The votes to adopt the millage and the budget were unanimous (Ayes 3, Nays 0).
Chairman Phillip Beard explained the city's millage proposal and described how an additional homestead exemption and the value-offset exemption affect tax bills. The commission recorded that the proposed millage represented a 20.79% increase over the Gwinnett County rollback millage of 12.004 and a 19.84% increase over the Hall County rollback millage of 12.099; the commission stated the net millage to be levied for both counties is 14.50 mills (the Hall County figure of 15.689 mills was noted prior to the LOST rollback to 14.50 mills).
In the same meeting the commission approved a resolution authorizing the issuance of Urban Redevelopment Agency of the City of Buford Redevelopment Bonds, Series 2025, in an aggregate principal amount not to exceed $20,455,000 and authorized execution of an intergovernmental contract associated with the issuance. The bond authorization passed by unanimous vote.
The commission said property tax bills are due Dec. 30, 2025. No substantive public opposition to the budget was recorded in the hearing; one attendee asked about the millage increase and Chairman Beard addressed the homestead exemption and value-offset explanation. The budget adoption and bond authorization move forward city capital and redevelopment plans, subject to any administrative or underwriting steps required to issue the bonds.
