City accepts DCSS's TAD participation - WALB.com, Albany News, Weather, Sports

City accepts DCSS's TAD participation

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By Cade Fowler - bio | email

ALBANY, GA (WALB) – Albany city commissioners accepted the school system's participation into the new tax allocation district.

The school system will give up some property tax revenue in the short term in an effort to build the tax base in the long run.

Property taxes on new development within the district will be used to improve and encourage more development in that district which includes downtown and some areas in east Albany that need a boost.

'"There are none in south Georgia. We are the first. There are six (tax allocation districts) in and around Atlanta. Albany is the first in south Georgia" said Albany Asst. City Manager James Taylor.

The school system will be represented on a committee that will approve projects that will be funded through the tax allocation district.

 


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