Atlanta: The city too busy for math
Apr 7, 2008 Found Online
Our leaders are not good at managing money. Check this out:
- 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
