Cannibalization of Georgia city means credit risks for other municipalities

Cannibalization of Georgia city means credit risks for other municipalities

Local governments in Georgia face heightened credit risk and higher borrowing costs because of new state laws authorizing a city to be sliced in half to create a new municipality, analysts said this week. Gov. Nathan Deal signed the bills May 8 allowing the de-annexation of 51% of Stockbridge’s assessable residential and commercial property value […]

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