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Monday, June 29, 2009

Atlanta Hikes Property Taxes

The Atlanta City Council has voted to raise property taxes from 7.12 mills to 10.12 mills. The vote on Monday was 8-7. Officials said for the average city homeowner it will amount to a $250 annual increase, based on a $240,000 house. Mayor Shirley Franklin had proposed the tax hike to close a $56 million budget gap. Officials said the increase will end the furloughs on city workers.

(Associated Press)

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