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County plans public hearings on proposed bond rate increase
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Forsyth County News
Forsyth County tax rates may increase to pay for a $100 million parks, recreation and green space bond if commissioners approve a new millage rate.
While maintenance and operation property taxes and fire property taxes will remain unchanged, the proposed new bond rate is 1.196 mills, which is more than twice the current rate, according to a county press release.
"That's a direct result of the bond's passing," said county finance director Cherrita Griswold.
The county intends to issue bonds for the voter-approved measure in September or October, according to the release.
County Chief Financial Officer Bill Thomas said millage rates are basically "how the county determines what the property taxes will be."
While about $36 million from the bond will go to fund green space, other money will go to projects like Fowler Park and Big Creek Greenway Trail.
Residents will have three opportunities to discuss the matter with officials at public hearings in July.
"The public's input is welcome," Griswold said. "We encourage anybody and everybody to come out."
Griswold said public hearings will be held at 3 p.m. July 8, and at 11 a.m. and 6:30 p.m. July 17, at the Forsyth County Administration Building in Suite 220.
"We're hoping by having three hearings at different times," Griswold said. "Everyone will be accommodated."
While the millage rate will likely change for bond taxes, the maintenance and operation rate remains at 3.834. The fire rate remains at 1.765, according to the release.