New Cities. New Annexation. New Pension Funding Tax. 3 Bits Informed Intel.

What state is considering a move that would allow newly formed cities to be assessed a tax to cover existing pension costs? Georgia

Who would pay this new pension funding tax? Any newly formed cities or newly annexed areas in DeKalb County 

How would the tax operate? It would vary by property location, depending how long the locagtion had not been contributing to county coffers in a manner that would cover county pension system

Georgia HB 711

Atlanta Journal Constitution | Residents of DeKalb cities may pay pension tax