Former Atlanta Hawks accounting executive Lester T. Jones Jr. was sentenced to more than three years in prison this week for embezzling $3.7 million from the team. Jones used company cards and fraudulent expense reimbursements to pay for (a lot of) travel, clothes, jewelry, cars and concert tickets. Unclear how he thought he wasn’t going to be caught – but Jones is SINKING…
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…
