The naysayers had South Fulton running scared if we didn't form a city or get annexed. We're still here. Is the financials as rosy as they should be - no. We're still here though.
We are facing an incredible downturn in the economy. It's nothing short of the perfect storm. The mortgage crisis is choking the housing market to a large extent. Homes at certain price points are still selling in South Fulton. Gas prices are on the rise again along with just about everything else. Spending has slowed.
This downturn comes at a bad time for us here in South Fulton. We were facing a bright future with the growth on the residential and commercial side to a point. Now we are all hoping for the best.
Will we get to keep the tax money we generate? We'll see.
The legislation that effects us all is the one that will increase the homestead exemption from $15,000 to $50,000 over a number of years. What advocates don't understand is that will have an impact of services county-wide. In particular, Senior Services, Arts and Libraries. If those are your sacred cows then get ready to lose them. You should let your legislator know the homestead exemption increase could be more trouble than its worth.
This is where South Fulton comes to talk on the web. Please add your name to your blog so that we may keep track of all the comments. Register to create a user name. You do not have to create a site. Visit http://www.southfultonliving.com for more information on what's going on in South Fulton County. If you want to continue an older topic select the November 2006 tab below.
This is where South Fulton comes to talk on the web. Please add your name to your blog so that we may keep track of all the comments. Register to create a user name. You do not have to create a site. Visit http://www.southfultonliving.com for more information on what's going on in South Fulton County. If you want to continue an older topic select the November 2006 tab below.