After struggling with drastic budget cuts due to a major loss in tax revenue when the Georgia-Pacific Corp. mill closed March 16, the city’s mill rate has been set at $24.90. Last year’s mill rate was $24.20. “It’s a very good thing,” City Manager Peggy Daigle said Tuesday. “It means that we fulfilled our promise to keep the tax rate fairly low and in control in spite of losing $80 million in valuation.” The recent closure of the Georgia-Pacific Corp. mill has resulted in the city losing about 34 percent of its property tax valuation. To make up for the lost tax revenue, the city and school department made more than $1 million in budget cuts.