BRADENTON, Fla. - Two Georgiasenators are co-sponsoring bills this week addressing the short- and long-term affects of the state Supreme Court's ruling on Feb. 11 that said using school tax revenues in tax allocation districts violates the state constitution.

While the high court's decision applied to the validation of $200 million of TAD bonds sought by Atlanta with the support of Fulton County and the Atlanta Independent School System, bond attorneys said it effectively prevented most, if not all, tax increment financing plans from going forward because school tax revenues usually make up at least half of the revenues flowing into TADs.

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