Tax Allocation Districts To Be On Voter's Ballots In November

Many people around town have never heard of TAD's, or tax allocation districts, even though the issue will show up on their ballots in November.

That's why Columbus State University held a public forum on Monday, to help educate voters about what they can expect.

"Most people are here because they don't know what is being asked...they hear tax allocation and think taxes are being increased," said Linda Hadley, the Dean of the D. Abbott Turner College of Business.

In actuality, TAD's help governments create revenue without more taxes on the people.

A TAD covers an area the local government deems economically undesirable.

Hoping to attract development, the city issues bonds and uses that money to fix the infrastructure and clean up the site.

Private investors come in, and property tax revenues from the site increase, going straight into the city's coffers.

Even with all the positives, the increase in property tax values worried some residents.

"What if they made the TAD district and go in there and raise property taxes in the residential areas?  But they told us it was not going to affect the tax freeze, that was all I was worried about," said Columbus Resident Alton Russell.

City leaders say no decisions have been made on where these tax allocation districts would be located.

They assure the public will have many opportunities to voice their opinions on each TAD proposal at city council meetings or through their district representative.