Newnan’s proposed millage rate shows slight drop
by Wes Mayer
At the Newnan City Council meeting Tuesday, City Manager Cleatus Phillips presented the 2014 proposed millage rate, which is reduced from the 2013 rate.
The proposed millage rate, or the effective rate of taxation, for this year is 4.15 mills. In 2013, the millage rate was 4.37 mills, so this means a reduction of 0.22 mills. A mill is one dollar of taxes for every thousand dollars of assessed property value.
According to Phillips, Newnan’s tax digest, the total taxable value of property, is also increasing by 13 percent in 2014 – 9.5 percent of this is from new construction in the city. The gross digest is proposed to increase from around $1.023 billion to around $1.139 billion.
“I believe this is a testament to the leadership of the council and hardworking staff,” Phillips said.
According to the 2014 tax digest from city officials, the proposed net taxes levied in 2014 will be $4.725 million, an increase of nearly $256,000 over last year.
The city council also approved two agreements relating to the Newnan Hospital Redevelopment Project. The first was the approval of a right-of-way mowing and maintenance agreement between the city and the Georgia Department of Transportation for phase two of the reconstruction project. This included a Special Encroachment Permit that allows the GDOT to construct new sidewalks and landscaping along Jackson Street during the second phase.
The council also approved a memorandum of understanding between the University of West Georgia Foundation and the city. The memorandum states the foundation will reimburse the city for the cost of certain goods and services provided by the city for the redevelopment of the property – up to a maximum of $80,000.
According to the memorandum, the foundation will reimburse the city $71,132 for a future lab fit-out for chemistry, a future fit-out for electrical, heating, ventilation and air conditioning pathways for Building C on level 2 and infrastructure for a future emergency generator.