Atlanta Council adopts fix-it plan for finances

By ERIC STIRGUS

The Atlanta Journal-Constitution

The Atlanta City Council voted Monday without dissent in favor of a five-year “financial stability plan” for City Hall.

The plan includes building a $100 million reserve fund, issuing bonds to pay for street improvements and other infrastructure needs, easing the tax burden of homeowners and businesses on the city’s three pension plans and cost-of-living increases for city workers.

Councilwoman Felicia Moore authored the legislation and worked with the office of Mayor Shirley Franklin on the plan. The mayor is scheduled to give reporters a financial update Tuesday.