Atlanta City Council Passes Budget For 2013

Atlanta City Council Passes Budget For 2013

Tuesday, June 19, 2012

Atlanta’s City Council passed the city’s $542 million budget for fiscal year 2013, which includes boosting the city’s police force to its largest ever, no tax increases, and no layoffs.

The budget for the 2013 fiscal year begins July 1st and includes these notable items:

The city expects to have reserves of more than $110 million by the end of the fiscal year on June 30, up from $7.4 million when Reed took office in January 2010.

Invest Atlanta, the city’s economic development agency, will see its funding rise about one-third to $2.5 million, up from $1.9 million. It had originally asked for $3 million.

The city will more than double arts grant funding for the Office of Cultural Affairs, adding $470,000.

The city funded 41 additional police officers to reach a long-standing goal of 2,000, the largest in the city’s history.

Parking fines will be increased from $25 to $35. By increasing the fines, the city will try to recoup a $4 million loss after it changed the contract with Park Atlanta.

Atlanta’s long-term projections indicate revenue in 2013 will be the lowest in a decade before slowly recovering.

“Our sense is that the property tax digest is bottoming out,” Atlanta Mayor Kasim Reed said in an interview Monday. “We just want to stop dropping $15-20 million a year.”

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