Sandy Springs city officials anticipate a $5.4 million drop in revenues next year and expect to cut spending by about $7 million, according to budget figures released during a City Council workshop.
City officials project property taxes will decline by about $1.7 million, to $26.6 million and sales taxes by about $400,000 to$19.5 million. Expenditures are projected to decline from about $83 million in the current fiscal year to about $76 million next year.
We have not had a turnaround in the economy nor do we expect to see one in the next year,” City Manager John McDonough told council members during the May 24 meeting. “So we have remained conservative [in drawing up the city budget].
Council members said they wanted to review the numbers in three months and six months to determine whether the projections turn out to be accurate.