Saporta Report’s David Pendered wrote an article on the Center for State and Local Finance’s latest research on tax allocation districts in the United States, Georgia, and Atlanta.
Specifically, the report outlines the effects of the Great Recession, which took place in 2007-2009. A considerable portion of the report focuses on Atlanta’s 10 tax allocation districts.
From the article:
Atlanta’s TAD program has been “quite successful” despite some management techniques that appear to be “odd.” Default in one district could occur in 2024.
The paper, by former Atlanta budget Commissioner Dick Layton, observes that most of Atlanta’s tax allocation districts have experienced a tremendous amount of new development:
“With the exception of the four Commercial Corridor TADs, Atlanta’s [tax increment finance] program can be considered to have been quite successful overall. The assessed value has more than doubled in all of the city’s other six TADs and have increased nearly 75-fold and 138-fold in Atlantic Station and Princeton Lakes, respectively.”