Buckhead City would cost Atlanta Public Schools $232M annually
By Ben Brasch, The Atlanta Journal-Constitution
A study funded by those who oppose Buckhead cityhood has found that a split from Atlanta would increase tax rates on residents of both cities, siphon revenue away from the capitol city’s coffers and create needless competition.
Atlanta would lose between $80 million and $116 million in annual net revenues if Buckhead incorporated, according to the study commissioned by the Buckhead Coalition, an influential business group that has not favored the cityhood plan.
The study found the loses are even higher for Atlanta Public Schools, which stands to lose $232 million.