Wednesday, August 3rd, 2011
In Georgia, Community Improvement Districts (CIDs) are a creation of
state government (they're in the amended 1984 state constitution)
that involves local governments in serious potential conflicts of
interest, in order to allow developers to fund their public
infrastructure with tax-free bonds. CIDs are a clever idea, but
cleverness is often inconsistent with government ethics. Smith,
Gambrell & Russell, a law firm, has...