Fulton’s Projected 2012 Shortfall Shrinks
(AJC) — Fulton County still faces a sizable 2012 budget shortfall, finance managers reported this week, but not nearly as much as first projected. Several county commissioners are questioning the latest math, however, and Finance Director Patrick O’Connor said the situation is still so critical that the commission should reconsider his recommendation for a countywide property tax rate hike, which it previously rejected. “We’re still in a very fiscal-stressed position,” O’Connor said. Earlier this week Budget Manager Hakeem Oshikoya told the commission that with revenues coming in higher than anticipated and expenditures totaling less, the projected 2012 deficit is now $22.1 million. The first shortfall estimate in March was $107.3 million.