That was the overwhelming response to our recent poll asking, “Are you For or Against the use of TADs” in redevelopment projects in the Smyrna Vinings community. Over 50% of the respondents didn’t vote for or against, rather they didn’t know what a TAD (Tax Allocation District) is. Which is rather perplexing given how much press there has been over tax allocation districts, tax increment financing, etc. over the last few months.
With the Georgia Supreme Court ruling in February, tax allocation districts in Georgia, as we know them, got a giant roadblock. TADs have been a huge point of contention in the area as the City of Smyrna has been trying to use them for Jonquil Village and Belmont Hills.
The state politicians were quick to act on this issue and actually managed to get approved an additional referendum for the November ballot that will allow the voters to have a say in the matter. So I guess we’ll be doing some more education on the matter in the coming months.
[tags]Tax Allocation Districts, Tax Increment Financing, City of Smyrna, Jonquil Village, Belmont Hills[/tags]