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Report says City of Buckhead is likely fiscally feasible | News


ATLANTA (CBS46) — A report has discovered that the Metropolis of Buckhead is prone to be fiscally possible.

The report took a have a look at the income and expenditures of the potential new metropolis and gives proof primarily based on accessible information.

The report says that the proposed Buckhead Metropolis ought to anticipate an annual income of roughly $203,521,892 and annual bills of roughly $89,921,825, leading to a surplus of $113 million. 

The report doesn’t tackle different standards, together with social, political and governance points.

The report was ready by Valdosta State College and the Middle for South Georgia Regional Influence and doesn’t present any “normative judgment” on whether or not or not the Metropolis of Buckhead ought to incorporate. It solely took a have a look at the monetary viability of the brand new metropolis.

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Moreover, the examine is just not meant to be a mannequin price range for a brand new metropolis.

The report’s authors say that the examine is meant to supply members of the Home Governmental Affairs Committee, members of the Normal Meeting, and the general public with “correct” info to help within the exploration of fiscal feasibility. 

The legal process for Buckhead to change into its personal metropolis started earlier this 12 months.

Many individuals are hoping that making Buckhead a metropolis will assist resolve the rising crime downside within the space and protect the “parklike setting” of the group. 

Georgia Rep. Todd Jones (R-South Forsyth) has additionally filed laws in help of the concept, placing it onto the 2022 session agenda.

The Committee for a United Atlanta is towards the concept. The group says they shaped as a result of they consider within the want to attract Buckhead’s consideration to the upcoming metropolis elections in November. 

The Buckhead Exploratory Committee, now often known as the Buckhead Metropolis Committee, was shaped final fall to contemplate whether or not turning into a separate jurisdiction is a chance.

Copyright 2021 WGCL-TV (Meredith Company). All rights reserved.





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