The business of Georgia is business, and how. So says Site Selection magazine, the national publication that placed Georgia No. 1 in its annual rankings of the best states in which to establish a private business. Criteria included construction and expansion of business facilities and infrastructure, tax burdens for businesses, and assessments of states’ business climates by corporate real estate executives. This feather in the cap for Georgia can only help Gov. Nathan Deal and industry leaders as they continue to promote business expansion and economic growth in the state. RISING
Atlanta, Fulton Co. square off in tax fight
The City of Atlanta has long used tax allocation districts (TADs) as an economic development tool, leveraging property tax increases to pay for local infrastructure projects. But the Fulton County Commission has slammed on the brakes, voting 4-1 to reject a proposed 30-year extension of Atlanta’s TADs. That sets up a major budgetary clash, as the Fulton TADs would be expected to generate over a billion dollars over that period. Now the county will vote on TADs on a case by case basis, with stricter oversight and enforcement, leaving Atlanta’s money faucet DRIFTING…
