The Atlanta Commercial Board of Realtors (ACBR) and Atlanta Realtors Association (ARA) have joined together several Atlanta-area real estate and development associations in a campaign to raise awareness and support for T-SPLOST with voters in the upcoming election. The campaign, titled Unlock ATL, also includes Council for Quality Growth, Society of Industrial Realtors and Certified Commercial Investment Management.
T-SPLOST is a proposed special-purpose local-option sales tax for residents of Fulton County. If approved, the additional sales tax will be four-tenths of a penny or an additional 4 cents on a $10 purchase. The City of Atlanta estimates T-SPLOST will generate approximately $300 million over a five-year period to fund significant and expansive transportation projects citywide.
In a 2015 survey conducted by the Atlanta Regional Commission, Fulton County residents identified transportation as the single most important issue facing the metro Atlanta region. Unlike the previous T-SPLOST referendum, proceeds raised in any given area will go directly to benefit that area’s projects. That means money raised in Sandy Springs will benefit Sandy Springs, money raised in Union City will be dedicated for use in Union City, and the same will occur throughout the various cities in Fulton County.
Kay Younglove, national director for JLL Atlanta, is on the Board of Directors for ACBR and involved in the Unlock ATL campaign. The ACBR recently announced Younglove will serve as President-Elect for 2017 and 2018 President.
“I am excited about this very prestigious honor,” said Younglove. “I am encouraged by the increase of young women and men entering the commercial real estate profession and I am hopeful that my leadership will inspire others to realize the importance of volunteerism and service.”
Ballots in the city of Atlanta will ask voters to vote on these two items:
- Shall an additional 0.4% in sales tax be collected for infrastructure and road improvements?
- Shall an additional 0.5% in sales tax be collected for the purpose of significantly expanding and enhancing MARTA transit service in the City of Atlanta?
The remaining parts of Fulton County, will be asked:
- Shall an additional 0.75% sales tax be collected in part of Fulton County outside of the City of Atlanta for five years for the purpose of transportation improvements and congestion reduction?
Fulton County Voters:
- North Fulton Master Project List
- South Fulton Master Project List
- Unincorporated Fulton County Interactive Map
City of Atlanta Voters: