Possible Tax Hikes on the way for Peachtree City?

Hey Peachtree City…..facing a projected shortfall of $757,128 for fiscal year 2010-2011 and a projected $621,674 shortfall in the current year’s budget…..Peachtree City Council is looking at making some tough decisions.  Officials are not only contemplating using reserve funds but also projecting tax increases.  City staffers are projecting a .269 mill property tax hike for fiscal year 2010-2011 which begins on October 1st.  This increase would be equivalent to a $26.90 property tax increase for homes with a fair market value of $250,000.