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City audit finds BeltLine Special Service District collections ahead of projections; recommends more SSD‑specific reporting
Summary
A city auditor review found SSD tax receipts exceeded consultant projections and that Atlanta BeltLine Inc. has spent the bulk of bond proceeds on three trail segments; auditors recommended more SSD‑specific reporting to City Council and the committee accepted and filed the report.
A financial review of the BeltLine Special Service District found tax collections ahead of the original projection schedule and that Atlanta BeltLine Incorporated has spent the majority of SSD bond proceeds on three trail projects, auditors told the Community Development Human Services Committee.
Zoe Geiger, a performance auditor presenting the review prepared under the city auditor’s office, told the committee the SSD collected about $3.2 million in fiscal 2022, $6.6 million in fiscal 2023 and $7.6 million in fiscal 2024 — roughly $17.5 million in total through June 2024 — putting collections roughly five years ahead of the…
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