What: finances of Athens-Clarke County's six tax allocation districts (TADs), which set aside property tax growth above a 2020 base in separate funds for each district.
Where it stands: spending to date is administrative, with one traffic study in Newton Bridge Road; no projects have been funded. Committee members asked for line-item detail and a plan to use the accumulated funds.
Next: staff said they would add summary forms and more transaction detail to each district's web page and send each committee its redevelopment plan.
Sources
YouTube auto-generated captions of the joint orientation held with the Mall Area TAD Advisory Committee.
Staff explained the increment financing model, the four Commission priorities and per-district accounting. Combined increment is about $2.6 million a year.
Members asked for itemized spending online; staff agreed to add more detail.
The Commission prefers paying developers after projects are built, which a member said leaves no way to spend accumulated funds.