Atlanta's Fiscal 2019 Budget Proposal Suggests Stable Tenor

NEW YORK (S&P Global Ratings) June 13, 2018--Under the helm of Mayor Keisha Lance Bottoms, the City of Atlanta has released its fiscal 2019 proposed budget, which largely funds a continuation of previous priorities: creating safe communities, expanding access to public transit, facilitating job growth and economic development, and advocating for high-quality public education within the Atlanta Public Schools system. Key takeaways from the proposed budget include the following: The proposed $2.1 billion all-funds budget is balanced with the general fund portion equal to $667.3 million (about 2.9% over fiscal 2018 adopted budget). Hartsfield-Jackson Atlanta International Airport received the largest nominal increase in appropriations (up $33.6 million, or 6.6%, over the prior year), and $3.37 billion, or 64%, of the

...NEW YORK (S&P Global Ratings) June 13, 2018--Under the helm of Mayor Keisha Lance Bottoms, the City of Atlanta has released its fiscal 2019 proposed budget, which largely funds a continuation of previous priorities: creating safe communities, expanding access to public transit, facilitating job growth and economic development, and advocating for high-quality public education within the Atlanta Public Schools system. Key takeaways from the proposed budget include the following: + The proposed $2.1 billion all-funds budget is balanced with the general fund portion equal to $667.3 million (about 2.9% over fiscal 2018 adopted budget). + Hartsfield-Jackson Atlanta International Airport received the largest nominal increase in appropriations (up $33.6 million, or 6.6%, over the prior year), and $3.37 billion, or 64%, of the city's fiscal 2019 $5.25 billion estimated capital plan is allocated toward airport improvements. + Increased revenue estimates appear reasonable given the city's economic...

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