$66 Million Bond Referendum Heads to Dunwoody Council Vote

Monday night, the Dunwoody City Council will discuss a bond resolution which, if passed by voters in November, would raise $66 million for the city’s parks system.

The resolution is actually split up into two separate $33 million bonds, each of which would be voted on separately – one that would help pay for acquisition of new park land and one that would pay for improvements to existing parks

Since the spring, the council has discussed two .75 mill bond issues that would net $33 million each.

However, at the council’s June meeting the first draft of the resolution was written for two bonds netting $44 million each.

When that resolution was , he said the new resolution took into account a conservative two percent growth on the city’s tax digest each year. That, in turn, meant a higher net on the bonds.

At that meeting, City Councilman Doug Thompson asked Anderson to change the resolution so that each bond would be $33 million.

Councilman Robert Wittenstein agreed, saying a different approach needed to be made.

“I would encourage us to be much more conservative,” he said, saying the language should be rolled back to $33 million and the estimates for growth in the city’s tax digest stay flat.

The newly written resolution presents two $33 million bonds.

The referendum, as it would appear on the November ballot:

What does it mean for your property taxes?

What does a Mill mean to a Dunwoody home?

# of Mills

Estimated cost per year per $100,000 in home value

Net for city over 30 years

.25

$10

Over $10 million

.75

$30

More than $40 million