The Cobb Board of Commissioners on Tuesday will be presented with a proposed fiscal year 2022 budget and will conduct its first public hearing on the county millage rate.
They will take place starting at 9 a.m. Tuesday. This will be the first budget process under Chairwoman Lisa Cupid, and here’s a summary of the budget presentation, which does not include dollar figures.
The public hearing will take place beforehand and will include information about the Cobb tax digest for 2021.
Earlier indications showed tax digest growth of around 5.5 percent; at Thursday’s Cobb Board of Education tax digest public hearing, school district finance officer Brad Johnson said that estimate is now at 5.7 percent.
A property tax millage rate increase is not is being planned for FY 2022 for Cobb government. But additional tax revenues that aren’t offset by a corresponding rollback in the millage rate constitute a tax increase, and state law requires three public hearings.
Cobb’s adopted FY 2021 budget of $473 million kept the general fund millage rate at 8.66 mills. The Cobb Finance Office is saying that tax digest growth this year is equivalent to 0.430 mills (more information can be found on the county finance page).
The other hearings are July 20 at 6:30 p.m. and July 27 at 7 p.m., with a final vote on budget adoption and setting the millage rate on July 27.
The Cobb County government fiscal year begins on Oct. 1.
A full agenda of Tuesday’s meeting can be found here; the meeting takes place in the 2nd floor board room of the Cobb government building, 100 Cherokee St., in downtown Marietta.
You also can watch on the county’s website, Facebook Live and YouTube channels and on Cobb TV 23 on Comcast Cable.
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No rate increase again. Good news. Cobb will receive 5.5% more revenue due to property value increases. Somehow the anti tax crowd got the the legislature to call increased revenue from values a tax increase. Phony.