City Commissioners Adopted FY 2021 Budget
Albany, GA – The Mayor and Commissioners adopted the FY 2021 budget of $289.8 million, a 0.5% increase over last year's adopted budget.
The budget was adopted without a millage rate increase amid an estimated decline in sales tax revenues. The anticipated decrease is being offset by CARES Act funding for Transit and the Airport, saving the General Fund approximately $2M in transfers to supplement the Funds.
An accelerated implementation of SPLOST and T-SPLOST projects is expected, as accumulated funds will be utilized during an anticipated reduction in next year's collections.
"The COVID-19 pandemic has significantly impacted our community and required us to make several operational adjustments to continue providing excellent customer satisfaction," said Sharon D. Subadan, City Manager. "While the long-term financial impacts are mostly unknown at this time, we have taken a conservative approach to our revenue estimates. We believe we are well-positioned to face the challenges ahead of us. We will continue to assist the citizens of Albany during this period of adjustment. Our citizens can rest assured that we are in this together."
State law requires that the City of Albany adopt an approved budget for the upcoming fiscal year by June 30.
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