Airlines, unsurprisingly, are some of the companies hit hardest by sudden spikes in oil prices. But Georgia’s own Delta Airlines is better suited than any other competitor to navigate those turbulent winds by virtue of owning its own oil refinery in Pennsylvania. The refinery generated about $5 billion in revenue last year and is optimized for jet fuel, which is particularly finnicky because it’s not often held in surplus. Operational hedges like this one can be tricky to manage, but with so much uncertainty in the Middle East this one has Delta 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…
