Monday, April 7, 2008
Add it up Add It Up: The city too busy for math
Posted by Thomas Wheatley @thomaswheatley on Mon, Apr 7, 2008 at 3:03 PM
Current projected revenue shortfall in Atlanta: $65 million
Amount by which Atlanta exceeded its budget during fiscal year that ended June 2007: $90 million
Amount city overestimated its year-to-year budget surplus since 2003: $241 million
Estimated revenue shortfall city predicts it will face next year: $120 million
Amount of city’s budget shortfall when Mayor Franklin took office in 2002: $82 million
Percent property tax hike imposed in 2002 to cover city’s budget shortfall: 51
Percent by which the city has rolled back property taxes since then: 22
Percent by which all 15 city departments were recently asked to cut their budgets: 25
Sources: Atlanta Journal-Constitution, City of Atlanta Dept. of Finance
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