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Thursday, December 13, 2007
County to take another run at passing a TAD
The Atlanta Journal-Constitution
No doubt some Gwinnett County boosters are mystified that eight cities could accomplish what the county could not: pass a tax allocation district referendum.
The county put the measure on the 2006 general election ballot. It lost by a narrow margin.
Last month, eight cities inside Gwinnett managed to pass TAD referendums of their own.
So the county’s trying again. The commissioners have asked the state Legislature to call for a second referendum on the issue in a March special election.
It makes your brain tired trying to explain what a TAD is. Suffice it to say, that it is a revitalization mechanism that allows property owners in blighted areas to use their taxes to pay for improving these places.
If you need a propeller-head’s explanation, visit www.dca.state.ga.us. Search the site for TAD.
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