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While cities across the country are cutting services, raising taxes and contemplating bankruptcy, something extraordinary is happening in a suburban community just north of Atlanta, Georgia. Since incorporating in 2005, Sandy Springs has improved its services, invested tens of millions of dollars in infrastructure and kept taxes flat. And get this: Sandy Springs has no long-term liabilities. This is the story of Sandy Springs, Georgia—the city that outsourced everything.
Originally posted by Blackmarketeer
It's not that unique a situation, there are plenty of communities and small cities that operate at a surplus, the downside is that these places are not affordable for the average person - and that's probably intentional.
Estimated median household income in 2009:
Sandy Springs: $73,290
Georgia: $47,590
Estimated median house or condo value in 2009:
Sandy Springs: $442,100
Georgia: $162,800
More comparison data here: Sandy-Springs-Georgia.html
It doesn't hurt Sandy Springs by having higher median home values and higher median earnings per household which gives it a larger tax base than surrounding areas or compared to other parts of the country. TBH that's the real secret to their success.
Edit to add:
BTW not trying to detract from what this city has done - just wanted to point out they have a big advantage in terms of their tax base compared to other, especially much poorer, cities.edit on 12-4-2011 by Blackmarketeer because: (no reason given)
Originally posted by hawkiye
Amazing what you can do with stolen money!
Originally posted by hawkiye
reply to post by The Old American
Compulsory tax is a synonym for theft.
Originally posted by The Old American
Originally posted by hawkiye
reply to post by The Old American
Compulsory tax is a synonym for theft.
The unjust tax by the federal government upon individuals is most definitely theft. I'll agree to that. But property taxes to pay for local government services such as police, fire, water, etc., is completely legal and necessary. But I get where you're coming from.
/TOA