(4/12/2018) WTOC reports that a $10 million surplus will be discussed at today's Savannah City Council, saying there will likely be two very different camps on how that money should be spent.
Apparently, Savannah typically sees a surplus of $1-2 million year to year. This year, however, saw conservative budgeting which led to the overage. Now the question is what should be done with the money. Should it be used to cover some of the budget office's priorities?
A few of the larger line items recommended to take surplus cash are a $2.5 million transfer to reserves and general fund balance, $2 million to the Cultural Arts Center Overrun, $1 million to the Montgomery Street Redirection, and to pay off $1.4 million of debt from the fairground purchase.
There are others who would like to see it used in lieu of the new Fire Fee. First District Alderman Van Johnson thinks the money is one of those people: "We took money from the people. We need to return it back to the people."
You see, the city set aside $400,000 to help taxpayers who might have a hard time paying the new fee and rolled back the millage rate.
Johnson thinks the money could also be used to help the non-profits that had city aid cut or reduced this year.
City Council said they'll hash it out today. What do YOU think should be done with the surplus $10M?