Coweta County has experienced some troubling economic times over the last few years. And during that time, the consumer hasn’t gotten any relief.
As a matter of fact, the average citizen has been hit with higher food and gasoline prices, the suspension of the Homestead Exemption on their property taxes, and higher prices for public services.
And now there’s a new wrinkle is the diminishing disposable income fabric. This year’s record high temperatures have produced utility bills that are in some cases DOUBLE what they were last year.
Homeowners and tenants are struggling to pay electricity invoices that are nearly equal to their mortgage payments or rental amounts. It’s not just the hot days that have caused the problem, as high humidity and overnight temperatures have kept the air conditioners running all night long!
And more money spent on keeping your cool is less money spent is local stores and restaurants. It is truly an economic challenge that was not expected.
And it couldn’t have happened at a worse time!