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Performance audit finds BeltLine SSD collections ahead of projections; committee holds report until BeltLine staff can appear
Summary
A performance audit found Service Special District (SSD) collections exceeded consultant projections and debt-service needs; Atlanta BeltLine, Inc. spent most bond proceeds on three trail segments but reporting to council lacked SSD‑specific data. The committee voted to hold the audit record until ABI can respond in person.
City performance auditors presented a financial review of the Atlanta BeltLine Service Special District (SSD) and told the Finance and Executive Committee on July 16 that SSD tax collections have materially exceeded consultant projections and annual debt‑service needs, but that Atlanta BeltLine, Inc. (ABI) has not been reporting detailed SSD data to the council. Tia Farrar, a performance auditor on the engagement, summarized collections and spending from June 2022 to June 2024. The audit found SSD collections of $3,200,000 in FY2022, $6,600,000 in FY2023 and $7,600,000 in FY2024, for $17,500,000 collected as of June 2024; auditors said those receipts were roughly…
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