By Janel Davis
The Atlanta Journal-Constitution
Metro/State News
June 2, 2010
As county leaders struggle to close larger budget gaps with less available money, complaints are increasing that tax exemptions once considered good local policy should now be reconsidered.
In Cobb County, where the school system faces a $126.7 million deficit, there have been rumblings of re-evaluating the county’s lenient school tax exemption, which provides a full exemption for all homeowners age 62 and above and costs the county more than $50 million a year.
With such a high deficit, some in the county have begun to wonder whether this exemption, originally intended as a property tax break for older residents with declining incomes, has become unsustainable in a post-recession time of sagging tax revenues.
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© 2010 The Atlanta Journal-Constitution
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