Second Reading of City of Toccoa FY2020 Budget Set for Tonight

City of Toccoa residents will have one more opportunity this evening to comment or ask questions regarding the City’s proposed fiscal 2020 budget.

Toccoa’s proposed FY2020 budget is just over $34.5 million – a 4% increase over this year’s budget.

The first reading of the budget was held at last week’s City Commission meeting where Toccoa City Finance Director Becky Bohannon presented a breakdown of how the monies for fiscal 2020 would be divided.

“The General fund is proposed at $10,580,902; the Water/Wastewater fund, $7,045,971; the Natural Gas fund, $11,365,513; Solid Waste Fund, $1,154,622; Lake Toccoa facility, $592,554. That is a total operating fund budget of $30,739,562,” she said.

Additionally, Bohannon noted monies will also be allocated in the next budget for the Reserve Fund and for the Special Reserve Fund.

“Also we have some Reserve funds budgeted at $676,940 and Special Revenue Funds budgeted at $3,108,494,” she said. “The total Fiscal 2020 budget for all funds is $34,524,996.”

After hearing from Bohannon, the Board of Commissioners voted unanimously to approve the first reading of the FY2020 budget.

City Manager Billy Morse tells WNEG News the increase in next fiscal year’s budget will pay for a new fire truck as well as road and utility improvements, but will not require an increase in the millage rate or in utility rates.

The Fiscal 2020 budget can be viewed online at: City of Toccoa Finance Department then click on Financial Reports.

Toccoa’s fiscal year begins July 1.

According to Georgia law, City Commissioners must vote to approve the new fiscal budget by June 30.