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Will Peachtree Corners Budget Crisis Doom Brookhaven?

The Vinson Institute performed both feasibility studies, and Peachtree Corners first budget is coming in much bigger than expected.


For months, opponents of Brookhaven cityhood have been saying the Carl Vinson Institute's (CVI) budgetary estimates for the city are flawed and unrealistic.

Now comes news from the AJC that the new city of Peachtree Corners - whose feasibility study was also performed by the CVI - is facing a budget controversy before it has even begun operation.

The news outlet reported this past weekend that Peachtree Corners' first proposed annual budget is three times more than what residents were told by cityhood proponents.

The budget comes to approximately $2.7 million, with $1.7 million coming from projected property taxes. But the CVI's estimate said the city could operate with an annual budget of $760,917.

With 34,000 people, Peachtree Corners will become Gwinnett's largest city when it begins operations on July 1. Brookhaven, if incorporated, would become DeKalb's largest city, with about 50,000 people.

NoCityBrookhaven has long argued the CVI estimates were conducted when property values in the area were rising.

"Brookhaven’s budget is out of date already without consideration of continuing falling property values," according to the organization's website. "The CVI originally used the 2010 tax digest adjusted for 2011 to do their study for Brookhaven. It is now 2012 and will be 2013 when the budget starts, if the new city passes.

"The numbers are not current. The $135,348 surplus estimated by the CVI could easily become a deficit."

The CVI recently to update its Brookhaven revenue projected based on current tax digest models.

not one of 60 June 19, 2012 at 07:33 PM
http://www.redstate.com/neil_stevens/2012/05/29/lets-tax-wealthy-foundations-the-same-way-we-tax-wealthy-individuals/
not one of 60 June 19, 2012 at 07:33 PM
http://www.redstate.com/neil_stevens/2012/05/29/lets-tax-wealthy-foundations-the-same-way-we-tax-wealthy-individuals/ Imlay payday!
Max June 19, 2012 at 08:22 PM
OCCUPY Brookhaven!
Eddie E. June 19, 2012 at 09:34 PM
I have, since 1977!
Eddie E. June 19, 2012 at 09:35 PM
Does anyone with two brain cells to rub together really go to red state?

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