The Clayton County Board of Commissioners held a special called meeting on February 12, 2026, to conduct the second public hearing regarding House Bill 581 (HB 581), a state law that automatically opted in all Georgia counties and municipalities to a floating homestead exemption tied to inflation. The board heard presentations from the county CFO Stacey Merritt, financial advisor Ed Wall, and Fire Chief Sweat outlining the bill's provisions, potential fiscal impacts, and pros and cons for the county. No vote was taken at this hearing; the board will decide after the third hearing whether to opt out by the March 1, 2026 deadline.
Good afternoon, everyone. All right, it's great to see everyone here this afternoon. Oh, no, it's morning. I'm sorry. Y'all, y'all know get y'all know Commissioner Hamburg gets me on that. She always says if it's 5 o'clock is afternoon, so we 6 o'clock, we know it's even. So let's say good morning, everyone. All right. All right. I just uh the Clayton County Board of Commissioners uh special call board meeting for public hearing, HB 581. Is this our second hearing is now called to order. The date is February 18th, 2025, and the time is 11 o'clock a.m. Um we will first before we will take um we will do our pledge of allegiance and then we will have a moment of silence after that. Would you please stand for the pledge of allegiance to our flag? I pledge allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, individual with liberty and justice for all. At this time we will have a moment of silence. Um thank you, thank you. Thank you. All right. At this time, I need a motion to adopt the agenda. So move. All right. Can I get a second? Second. All right. All in favor say aye. Aye. All opposed, any abstentions. I hear from our CFO, Stacey Merritt. Good morning, Madam Chair, Vice Chair, and Board of Commissioners. Um, we are coming to you today to talk again about um House Bill 581. And I'm gonna let our financial advisor Ed Wall come up and kind of talk about the origins and what it means, and then I'll kind of come up afterwards and discuss the impact. Thank you. Thank you very much. Uh good morning, Commissioners. How y'all doing? Um House Bill 581 was a bill passed by the Georgia legislature the last week of the session in 2024. Uh it was four separate bills, uh collapsed into one bill, 581, it's 27 pages long. It's dense, it's hard to understand. Uh folks all over the state uh been trying to figure out what it's like, um, what uh it means. Um a lot of folks are still working on it, and uh there's different opinions uh all over the state about what it does. I encourage GMA, the Georgia Municipal Association, the Association of County Commissioners, and the Georgia School Boards Association to all get together in a room and figure out what does 581 do and come up with a PowerPoint presentation for all the cities and the counties and the schools, and it took them October 3rd from April to get that done. And there's a on there, each of them has got a website, it's got a 46-page joint uh presentation, and has a lot of details. I synthesize it down to about a three-page memo, and um House Bill 581 does three things. One is it creates a floating local option, uh floating uh homestead exemption tied to inflation. The second thing is a floating local option sales tax that you can avail yourselves of if you stay in the floating homestead exemption. And then the third thing is it simplifies in quotation marks how you go about levying the property taxes and the rollback rates. And um you can see here I've listed the three things that it does is uh establishes a floating homestead exemption tied to inflation, the new floating local option sales tax, and simplifies the process for calculating the rollback rates. The second bullet up at the top, 581 required a constitutional amendment. It was put before the voters of the state of Georgia in November of 24, and it passed with 63% of the vote.