Sandy Springs city officials are wrapping up the city’s 2011 budget and drawing up the new budget for 2012. They expect to spend about $82 million in 2011 and take in nearly $80 million.
They project lower revenues, totalling about $77 million, in 2012, city Finance Director Amy Davis told members of City Council during a council retreat March 30. In order to keep a reserve balance in the general fund of about 25 percent of expenditures, or $19 million in 2012, city officials this year, for the first time in several years, do not expect to have any general fund revenues left at the end of the year to carry over to spend on capital projects, Davis said.
Public hearings on the budget are scheduled for June 7 and 14. The council is scheduled to adopt it June 21.