Posted: Thursday, August 7th 2014 at 8:24am
Fulton County approves 17 percent tax hike
By The Associated Press
ATLANTA (AP) -- Commissioners in Georgia's most populous county have approved a 17 percent property tax hike.
Fulton County commissioners on Wednesday approved the increase with a 4-3 vote.
The increase is the first of its kind in more than two decades.
The Atlanta Journal-Constitution reports (http://on-ajc.com/1skqrx2 ) that the tax hike is expected to pay for countywide services like libraries, courts and social services.
It would cost the owner of a $275,000 home an extra $140 a year if the property's value remains unchanged.
Fulton County Commission Chairman John Eaves has said that declining revenues and increased costs have left the county with a $40 million to $50 million budget shortfall.
Opponents of the increase say the county should cut spending and live within its means, rather than raise taxes.
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