Speaker numbers apply only to this recording.
The City of Johns Creek held the second of three public hearings to set the millage rate for fiscal year 2026 on October 26, 2026, at 11:00 AM. Finance Director Harpreet Hora presented a brief update, noting that the detailed presentation had been given at the first hearing. No members of the public attended or offered comments. The final public hearing and adoption are scheduled for the same evening at 7:00 PM.
Thank you, Mayor. We're recording. I just want to welcome everyone. We're having our second public hearing for setting the millage rate for the fiscal year of 2026. And I believe that we have the finance director, Harpreet Hora. Thank you, Mr. Mayor. So as you said, this is the second public hearing of our millage rate, and I will keep this presentation short because we did do a detailed presentation at the first hearing. So I'll just quickly, you know, go through the first few slides. I mean, they give a history and a background of the millage rates. So I'll just move those forward. So I'll start at this particular slide where we talk about the 2026 uh digest here. So our estimated digest for 2026 came in at 6.6 billion dollars. This is an increase of 125 million uh or 1.92% since 2025. And uh the slide also provides a breakdown of what makes up that 125 million. So the advertised uh MNO Millage rate, the maintenance and operations rate that funds day-to-day city operations is at 3.492 mils, which is the same as the 2025 adopted or the current rate. Uh and then um the rollback rate that uh that we have for 2026 is at 3.434 mils. And uh the advertised millage rate of 3.492 mil sets the maximum rate uh that the city uh council can adopt without readvertising. The parks bond uh millage rate uh is at 2.50, which is our current rate. Uh the rollback rate came in at 0.247 mils. Uh we do have another public hearing, our final public hearing this evening at 7 p.m. Uh that is also the hearing where uh the millage rate for 2026 will be adopted. That is all I have, Mr. Mayor. Thank you, Director. And I don't see anybody here, but I have to ask if anyone would like to uh give comment as part of this public hearing. Would anyone like to participate? Seeing none. Council, do you have any questions? No questions. I'll save uh further commentary for this evening when there's uh possibly will be some public here to hear those thoughts. All right. Then if there's nothing else, then we will consider this public hearing concluded. Thank you. Thank you very much.