Scott Turner, executive director of the White House Opportunity and Revitalization Council, met with Savannah officials Monday to learn about the city’s wildly successful ‘opportunity zones,’ as well as to give some tips and pointers on what has been successful in similar areas around the country. Opportunity zones, which provide capital gains tax relief in specific areas, normally low income neighborhoods, were created around the country in the 2017 Tax Cuts and Jobs Act. Savannah has several such zones, which have helped raise up historically disadvantaged parts of the city. For Savannah’s success under one of the White House’s more prominent pieces of legislation the city’s ship is RISING…
Proposed Fulton Co. property tax hike
Fulton County homeowners let out a collective groan Monday following the announcement that property taxes will be increasing by more than 12% over the rollback millage rate. The hike, per the over the Fulton County Board of Commissioners, is to increase funding for the 2025 General Fund. The county will host three public meetings to discuss the plan with the public before the millage rate is set, but the likely tax hike has Fulton homeowners SINKING…
