April 12 Georgia Gang: Red district runoff and teen curfew in Atlanta

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…