On your November 2nd ballot, Decatur residents will find this lovely legalese…

Shall the Act be approved which authorizes the City of Decatur to exercise redevelopment powers under the ‘Redevelopment Powers Law,’ as it may be amended from time to time?”

In layman’s terms this essentially asks you, “Should Decatur have the option to create Tax Allocation Districts inside the city limits?”

Tax Allocation Districts or “TADs” have been used with mixed success throughout the Atlanta metropolitan area in recent years. The most prominent – and successful example – being Atlantic Station.  In a nutshell, TADs use additional tax revenue generated by new development on-site, (i.e. – the difference between your taxes pre-renovation and after renovation) to pay-off the very construction bonds that funded the development in the first place.

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