The City of Suwanee began the new fiscal (budget) year on July 1, 2023 with a $17.9 million balanced operating budget. This year’s budget represents an eight percent increase in operating expenditures as compared to FY 2023 amended budget.
Suwanee’s $17.9 million FY 2024 budget includes:
- 120 full-time and 12 part-time positions, including four new full-time positions
- New benefit – Peace Officers Annuity & Benefit
- 4.9 percent group health insurance renewal
- Public Works and Police electric vehicle transition, $123,000
- Strategic Plan, $120,000 (first half of a two year plan)
- Facilities and right-of-way maintenance program, $530,000
- Capital funding, $442,000
After analyzing the 2023 tax consolidation information provided by Gwinnett County, the City of Suwanee is adopted a budget that assumes that the millage rate remain at 4.93 mills, the same rate adopted by the city the past eleven years. This proposed millage rate of 4.93 is a rollback millage rate increase of .405 mills, an 8.95 percent increase in property taxes based on market value growth. Property taxes, one of the chief sources of revenue for the City, are collected based on the millage rate.
The Suwanee City Council is expected to adopt the FY 2024 millage rate at its regular August 22 meeting. The city will hold three public hearings at City Hall on August 10 at 5:30 pm, and August 22 at noon and 6:30 pm before adopting the millage rate.