Augusta Leaders May Raid Reserves For Planning Money For Mills P - WJBF-TV ABC 6 Augusta-Aiken

Augusta Leaders May Raid Reserves For Planning Money For Mills Project

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Augusta, GA -

Augusta could hit savings to get GRU to make the move into some old mills.

As we first reported the city is pitching the idea to have GRU take over the old Sibley Mill and King Mill as possible dorms and classrooms.   

Project consultants are asking the city to come up with $400,000 of the $1.6 million needed to do development planning on Sibley and King Mills, as part of the effort to market the mills to the new University.

City Administrator Fred Russell says, if Augusta Commissioners want to move forward, one area to find the money would be to go into the Reserve Fund.

"We don't want to be pennywise and pound foolish, and if this is the direction the Commission wants to go in, we'll find the dollars," says Russell.

City leaders are already planning to take $3 million out of reserves to balance this year's budget and that doesn't include an additional $400,000.

"It's not budgeted through?" we questioned Russell. "No, never was budgeted, at this particular point in time," said Russell.

Russell says sales tax collections are making things tighter on the city budget. Preliminary numbers show collections in March are down, compared to 2012, making it the third straight month sales taxes did not match last year.

One penny of city sales taxes go into the General Fund to offset property taxes.

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