Areas shaded in red indicates the areas currently in the city limits of Stockbridge that are included in the city of Eagle’s Landing proposal. The pink and red areas show the proposed city of Eagle’s Landing, while the light green areas show what would be remaining in the city of Stockbridge if the proposal is approved. (Special Photo)
Areas shaded in red indicates the areas currently in the city limits of Stockbridge that are included in the city of Eagle’s Landing proposal. The pink and red areas show the proposed city of Eagle’s Landing, while the light green areas show what would be remaining in the city of Stockbridge if the proposal is approved. (Special Photo)
STOCKBRIDGE — In a fiscal analysis of the proposed de-annexation of one-third of the city of Stockbridge’s population for the proposed city of Eagle’s Landing, a Carl Vinson Institute of Government report shows that Stockbridge would lose nearly half of its revenue.
The report estimates about 9,200 resident being removed from Stockbridge to create the new city, along with 48 percent of the assessed value of the city’s residential properties and 54 percent of the assessed value of the city’s commercial properties. The de-annexations would result in an estimated loss of between $4.2 and $6.1 million for Stockbridge. On the lower end, $1.8 million would be lost in Local Option Sales Taxes, approximately $578,000 would be lost in franchise fees and more than $530,000 in insurance premiums.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.