Transit, or Schools?

Posted by: Tim Halbur
Thanks to: Carl Morgan

17 April 2009 - 1:00pm

Atlanta school leaders consider renegotiating a Tax Allocation District (TAD) agreement that was set up to help fund projects such as the Beltline, a 22-mile loop of transit, trails, parks and development around the city.

"Atlanta school leaders are renegotiating with the city how much school property tax money should be used to support such community redevelopment projects as the Beltline.

Staff members from the school district and the Atlanta Development Authority will sit down this week to discuss letting the school system keep some of the $18 million that is supposed to help fund various projects, including the Beltline, a 22-mile loop of transit, trails, parks and development around the city.

The $18 million was raised through tax allocation districts (TADs), which funnel a portion of school tax money to developmental improvements in a set geographic area."

Full Story: http://www.ajc.com/services/content/metro/atlanta/stories/2009/04/14/atlanta_schools_tads.html?cxtype=rss&cxsvc=7&cxcat=13

Source: The Atlanta Journal-Constitution, April 16, 2009