DCSS finance committee gives nod to TAD - WALB.com, South Georgia News, Weather, Sports

DCSS finance committee gives nod to TAD

By Jennifer Emert - bio | email

ALBANY, GA (WALB) - The creation of a tax allocation district in Albany took another step forward with unanimous support from the Dougherty County School Board Finance Committee Tuesday.

The committee voted to participate in the Albany Riverfront and Gateway Tax Allocation Redevelopment plan that was created by the city. The measure must still get the approval of the full board next week, but by participating, the board is agreeing that all new property taxes created from businesses that move into the district will be used to spur more development there.

"The school board ad valorum tax represents about 50 percent of the taxes collected in an area so without them we would be 50 percent less capable of bringing this thing off and it would take us a lot longer and it would be a lot more challenging to do without the school board support and involvement," said Col. James Taylor, Assistant City Manager.

The law changed earlier this year, allowing school board's to participate in the tax allocation districts.

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