Skip to main content

Neighbors for a United Atlanta

Neighbors for a United Atlanta

  • Get Involved
    Get Involved Contact Legislators Request Signs & Stickers
  • About
    About Contact Us
  • News
  • Issues
    Issues The Right to Vote Schools Crime Bonds Solution
  • Donate
  1. Home
  2. Issues
  3. Bonds

The Buckhead feasibility study shows the hypothetical Buckhead City having a surplus and no debt. Why do you say that a new city would incur debt, which would result in higher taxes for homeowners?

The Buckhead feasibility study shows the hypothetical Buckhead City having a surplus and no debt. Why do you say that a new city would incur debt, which would result in higher taxes for homeowners?

The feasibility study is flawed in its omission of debt. To be able to operate day one, a new city needs funding. Since a hypothetical Buckhead City won’t have any tax revenue day one, that startup funding must come from somewhere.

The way to raise that funding would be in the capital markets through a bond offering. These costs would likely be high given the obligations that the new city would also have to repay large portions of the City of Atlanta’s existing bonds, and the unavoidable litigation that will be inevitable.

Litigation makes the bond holder’s collateral unstable given that any judgments would have to be paid from the same tax dollars that collateralize the municipal debt.

There is no likely scenario where a hypothetical Buckhead City would not have to issue debt.

Learn More at NeighborsForAUnitedATL.org
Neighbors for a United Atlanta
Atlanta, GA, United States
Created with NationBuilder
The Buckhead feasibility study shows the hypothetical Buckhead City having a surplus and no debt. Why do you say that a new city would incur debt, which would result in higher taxes for homeowners?
The Buckhead feasibility study shows the hypothetical Buckhead City having a surplus and no debt. Why do you say that a new city would incur debt, which would result in higher taxes for homeowners?
About

Sign in to your account

Sign in with Facebook Sign in with Twitter Sign in with Email or click here to create an account