City Budget & Financial Reports
FY24 Preliminary Documents
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Public Hearing & Tax Information
The City of Norcross, Georgia, hereby notifies the public of a scheduled public hearing for the FY23-24 Proposed Budget on July 10, 2023, at 6:30 p.m. The hearing will take place at the City Hall Council Chamber located at 65 Lawrenceville Street, Norcross, Georgia 30071. Citizens are invited to provide written and oral comments on the annual operating and capital budget. Individuals requiring a qualified interpreter for the hearing impaired may request one at least seven days in advance by calling (770) 448-2122.
Furthermore, the Mayor and City Council of the City of Norcross has tentatively adopted a millage rate which will require an increase in property taxes by 9.46 percent. All concerned citizens are invited to the public hearing on this tax increase to be held at Norcross City Hall on July 10, 2023, at 6:30 PM. Times and places of additional public hearings on this tax increase are at Norcross City Hall on July 17, 2023, at 6:30 PM and August 7, 2023, at 6:30 PM.
This tentative increase will result in a millage rate of 6.249 mills, an increase of 0.540 mills. Without this tentative tax increase, the millage rate will be no more than 5.709 mills. The proposed tax increase for a home with a fair market value of $425,000 is approximately $92 and the proposed tax increase for non-homestead property with a fair market value of $800,000 is approximately $173.
Lastly, the City of Norcross announces that the millage rate will be finalized at a meeting held at City Hall on August 7, 2023, at 6:30 PM. In compliance with O.C.G.A. Section 48-5-32, the Mayor and Council hereby publish the current year's tax digest and levy, along with the tax digest and levy history for the past five years.
Current Fiscal Year Documents
The Annual Budget document includes a detailed breakdown of planned operating and capital expenditures by department and fund for the upcoming fiscal year (September 1 - August 31). It is prepared and submitted by the city manager to the city council for approval. Once approved, the full authority to execute the city's budget lies with the city manager.
The Annual Financial Report document is an annual audit report detailing the actual financial state of the city for the fiscal year it describes. This includes an assessment of assets and liabilities; a report of revenues, expenses and fund balances, as compared to budgeted amounts; year-over-year comparisons; as well an overall analysis of the city's finances.