Atlanta Mayor Kasim Reed: City's cash reserves will top $108 million

Atlanta Mayor Kasim Reed predicted on Thursday that the city's cash reserves will exceed $108 million within a year. In a speech at the Georgia World Congress Center, Reed said the increase in the city's reserve would allow it to begin whittling down a $1 billion backlog of local infrastructure projects that "we've all been talking about but haven't been able to do anything about yet." Reed said the city's cash reserves have risen from $7.4 million to $94 million since he became mayor two years ago.

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