Georgia is at a competitive disadvantage to South Carolina and Florida when it comes to attracting retirees, who can help communities generate sizable local economies.
Georgia law allows community improvement districts for industry, but not for residential development. Essentially, these residential communities — a lot of them exist in Florida — allow developers to build communities by floating taxable bonds, which are then paid for with the revenue of the incoming homeowners.
Senator Staton introduced legislation to make it happen in Georgia. House Minority Leader DuBose Porter has introduced a similar measure in the House. But, Senate Democrats are blocking the measure and it might not get through the Senate. The measure, in the form of a resolution, would be put before voters in November as a constitutional amendment.
i’m kind of surprised the Democrats didn’t let this sail through the Senate and then use it to beat up the GOP in November when the voters get to vote on it — that is, if they think they’d be able to beat up the GOP on what could potentially be a very popular issue.