Some Augusta residents are speaking out against creating a new Tax Allocation District (TAD) in downtown Augusta.
City leaders held a public hearing Tuesday on creating a 500-acre TAD in the Central Business District (CBD).
These districts would allow developers to take money from increasing property values and put it into infrastructure for projects. Some say, if not enough money is generated, sales tax used to offset property taxes could help make up the difference.
"The scary part of all of this is...they're mentioning using the local option sales tax as a bail out procedure, if necessary, and that is the scary part of it because I see people leaving to shop. I'm one who leaves to shop, I do not spend eight percent tax here in Richmond County," says Harrisburg Neighborhood Association member Lori Davis.
Augusta Commissioners will vote on creating the TAD December 17th.
Lawyers working on the project say Commissioners can also vote to eliminate a large TAD created in 2008 that has not resulted in any increases in property values.
3221 South Evans Street
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