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No Increase in millage rate for residents. Same millage rate of 2.228 proposed for FY2023.
Lawrenceville officials have tentatively adopted a millage rate which will require no increase in property taxes. The millage rate of 2.228 was adopted in 2021 and should be adopted again later this month by the City Council. With a millage rate of 2.228 mills, a non-homestead property with a fair market value of $425,000 is approximately $76.50 annually.
“I am extremely proud of our Finance Department and all of our Department Heads for the excellent management of our city resources,” said City Manager Chuck Warbington. “Lawrenceville remains in a strong financial position for continued growth, with new initiatives to create a more vibrant community for our citizens.”
The City currently works with one of the largest municipal budgets in the Metro Atlanta area. With revenue streams that include not only property taxes and business fees, but also a robust utilities’ infrastructure of gas, electric, storm water services. Lawrenceville strives to be strategic, intentional and practical with every investment. Funds from the FY 2023 property tax revenue will help fund an additional community outreach officer for the city's coresponder program and cover increased costs for supplies such as fuel for city vehicles, increased costs in vehicle replacement, and utility costs.
The City of Lawrenceville’s credit rating was upgraded by Standard & Poor Global based on very strong management, solid financial policies and practices, stable budgetary performance, with operating surpluses, sound budgetary flexibility, liquidity, a weak debt and contingent liability profile and a very secure institutional framework.
The City of Lawrenceville launched Open Checkbook, a financial transparency website offering interactive access to current fiscal budgetary numbers and historical data dating back to 2019. Lawrenceville is one of only five communities in the state of Georgia offering this particular type of digital transparency product.
Public hearings on the millage rate discussion to be held on July 13, 2022 at Lawrenceville City Hall at 12:00 pm and 5 pm, as well as July 25, 2021 at Lawrenceville City Hall at 7:00 pm.