ALPHARETTA, Ga. — Alpharetta officials approved a slew of mid-year budget adjustments to move ahead with parks funding and major infrastructure projects.
The funding changes will be finalized after an upcoming second reading.
At a Jan. 29 formal meeting, the Alpharetta City Council voted 5-0 to approve the first reading of a mid-fiscal year budget amendment. Councilmen Fergal Brady and Doug DeRito were absent from the meeting.
The city adopts its budget each summer to fund its upcoming fiscal year, which runs from July 1 through June 30.
Councilman Brian Will noted for “the first time in a long, long time,” the City Council did not need to increase the mid-year budget, instead redirecting money that had already been allocated for different purposes.
The millage rate, set at 5.75 mills, was adopted in August after the city received revised figures from Fulton County showing larger than anticipated growth in property values. The City Council approved a $154 million budget, with just more than $99 million going for day-to-day operational costs.
At the Jan. 29 meeting, the City Council approved an additional $100,000 for the Public Works Department to obtain right-of-way for the Waters Road bridge replacement. Most of the project, $5.8 million, is being funded by the Georgia Department of Transportation.
The Recreation, Parks and Cultural Services Department is set to receive $130,000 to demolish existing structures at the site of the planned Mayfield Park near the city’s border with Milton. City staff anticipates the work to be split funded between Milton and Alpharetta, with each city contributing $65,000.
City staff anticipates an additional $1.6 million in earnings on the city’s cash balances, which would be placed into an unallocated account for TSPLOST I projects. Public Works Director Pete Sewczwicz said the money will likely…
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