AJC 6/22/18 page M1
Metro article “City developers get $16M in abatements” reports city and county
governments are paying incentives to developers for “economic development”.
Abatements exempt property owners from paying property taxes. Tax subsidies
went to build and renovate apartment buildings, who targeted potential renters
who earned 60% to 80% of “median income”. The article included the objection to
“tax holiday” abatements by Invest Atlanta Board Member, Julien Bene.
Comments
Cities have no
obligation to provide low-income housing or bribe companies to locate in their
cities. The only “tax holidays” that make sense are those decided by the voters
in rural cities and counties to get a manufacturing plant to locate to their
city or county.
Developers who want to
build apartments, office space, restaurants, stadiums, concert venues,
recreation facilities and retail space should not be getting tax incentives
unless voters approve these in ballot votes.
Norb Leahy, Dunwoody
GA Tea Party Leader
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