Finance of Fayetteville, GA
The City of Fayetteville collected $5.45 million in total revenue in 1993. In 1997, the city received $8.09 million, an increase of 48.4%. Total revenue in 1997 equaled $917 per capita. The statewide revenue per capita for this same year was $732.
From 1993 to 1997, own source revenues for Fayetteville rose from $2.88 million to $5.08 million, an increase of 76%. Own source revenues are all revenues except intergovernmental revenues and enterprise funds. Per capita own source revenues amounted to $575 in 1997. This compares to a statewide per capita amount of $624.
Property tax revenues amounted to $742,900 in 1993, accounting for 25.8% of the city’s own source revenue. In 1997, property taxes accounted for 22.3% of own source revenue, with $1.13 million collected.
Intergovernmental revenue includes money received from the federal government, state government and other local governments. In 1997, Fayetteville received $123,500 in intergovernmental revenue, which accounted for 1.5% of total revenues. The city received $123,500 from the state.
General operating expenditures for Fayetteville in 1993 equaled $2.86 million, or $378 per capita. In 1997, general operating expenditures rose by 29.1% to $3.70 million, which was $419 per capita. Statewide per capita general operating expenditures amounted to $588 in 1997.
Historically, the top three expenditure categories for cities are administration, highways and streets, and public safety. In 1997, the City of Fayetteville spent $877,200 on administration or $99 per capita. For the same year, $330,700 was spent on highways and streets, or $37 per capita. Expenditures for public safety include police services, fire services and jails. Fayetteville spent $2.12 million or $240 per capita in 1997 for public safety services.
In 1993, the City of Fayetteville issued a total of $4.30 million in new debt, which could include revenue bonds, general obligation bonds, capital leases, short-term debt and other long-term debt. This represented $568 per capita. In 1997, Fayetteville issued $9.59 million in debt, or $1,086 per capita. Cities often issue debt to help finance large capital projects, such as buildings, roads, parks and water/sewer systems. Given the nature of capital projects, the amount of debt issued by a city can understandably vary greatly from one year to the next.