Thank you. Second. Second. Second, yes sir. We're recording. When you're ready. Welcome everybody. I want to open this public hearing for the milledrate. This is our second and I'll call this order at 1101 on this August 8th. And I believe you have a presentation, Mr. Finance, Director. Yes, sir. Thank you, Mr. Mayor, Council Member Conflin. It's time to go through a brief PowerPoint for this second public hearing of our 2023 military. By way of background, Fulton County assesses the value of real and personal property, and the assessed value is 40% of the fair market value. The assessed value of all properties and a taxing jurisdiction is referred to as the tax digest. And we highlight on the slide that the tax digest can change in two ways. First is reassessment and then the second is growth and that's defined as addition of new homes or businesses. And then annually the city council sets the milled rate based upon the value of the tax digest to generate revenues to pay for essential city services. On this next slide we provide you then the background. Millage rates are levied against the tax digest by each taxing jurisdiction, school board county in the city. Millage rates are defined, they're stated in dollars per 1,000 of net assessed value. And the example here is kept really simple, assuming if you had a $100,000 home, assessing a millage rate of 5.000 mills would be equal to $200 in taxes, because it's 200 based on 40% of the assessed value or $40,000 in this scenario. For 2022, on this slide we recap for you the 2022 milligrates that were adopted. The city tends to pay the smallest portion of the overall milligrate provided by a property owner. You see on this slide school, a milligrate was 17.2. The county was 8.870 and their bond of 0.20. And then the city's milligrate was 3.986 and then the city's millig bond rate is 0.390. Overall, the 2022 milligrate for John's Creek residents were 30.6866. We've shown on this slide the 2022 millage rates within Fulton County. The 2022 range ranged from a high of 15.729 to a low of John's Creek at 3.986. Roswell was the one that was a little bit more at 4.363. Overall, the 2022 millage rate for all cities in Fulton County was 8.677. The average of the five cities in North Fulton County defined as Alpharetta, Johns Creek, Milton, Roswell, and Sandy Springs was 4.467. And again, highlight the John's creeks milled rate is lower than both of those averages. On this next slide, we show you the historical milled rates that have been adopted by the city since its exception in 2006. For the first 10 years of the existence of the city, the military was held steady at 4.614, and then lowered to 4.360 in 2016. And then most recently for the past few years, the rate has been held steady at 3.986 since 2022. This slide is meant to illustrate the variability of the millage rate and the tax digest recall I mentioned on the previous slide for the first 10 years of the city's inception. The rate was held steady at 4.614, but you see the amount of revenue that's generated by the rate is not consistent because again it's based on the rate and the value of the tax digest. Property tax revenue accounts for about 30% of the city's general fund revenue base. And we just call your attention that it provides necessary funding for public safety, police and fire as well as city administration. It also provides funding for capital projects and enhancements and then for council identified strategies and priorities. The overall tax digest for 2023 increased 10.32% since 2022 to a total of 5.9 billion. Reassessments provided 502 million of that increase and then 54 million of the increase came from growth. What was advertised for this 2023 military process was 3.986 per 1000 of assessed value for the city's MNO. The rollback rate is 0.003646 or 3.646 per 1000 of assessed value. And then on the park bond milled rate, the amount necessary to cover the annual debt service payment for the bonds, the current rate 0.0039O mills is what was adopted in 2022. The rollback rate for 2023 is 0.00330 mills or 0.033 per 1000 of assessed value. Again, this was mentioned, this is the second public hearing for the 2023 process. The third public hearing is scheduled for later this evening with adoption during the council meeting. With that, that concludes my comments. Thank you, Ron. Ronny. Boy, it's going to give me fits forever to you. Would anyone like to give a comment and share your thoughts and don't be bashful. You can just come up. Oh, I think we want you to go up to the podium. I just want one comment to make. I guess it's a question slash comment for direct gamble. So we saw. So we say the reassessment is capped at 3%, but obviously it counted for more growth there. So it's 3%, if you're in the same property, but if you sell your property, the reassessment is not capped at that 3%. So that's why we could occasionally see more than 3% growth there. Yeah. And that doesn't count for the non-residential? Yes. So. Larry, we're counting on you. Nothing? No. Okay. Ma'am. It's my first time here. Okay. Would'am. Okay. Would you like to come to the? Nothing. I don't know what case question you will see. Okay, okay. All right, well, if there are no public comments, do you have anything else? Public hearing is adjourned. Thank you for coming. Thank you, Mayor.