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Gold Dome News: The GEFA Raid

January 28, 2010

Among the topics taking shape now as a hot one for the 2010 legislative session is Gov. Perdue’s proposal to plug a budget hole by securitizing some of the loan portfolio of the Georgia Environmental Facilities Authority. First raised and shot down in 2003, the plan could jeopardize the funding sources used by local governments across the state for water and sewer infrastructure upgrades. In other words, it could easily lead straight to complaints from local governments of unfunded mandates – especially since the Governor’s plans for water policy may well include plenty of infrastructure projects that would be executed by county and city governments.

The controversial issue has made plenty of news this week. For one example, see this AP story that ran Tuesday in the Macon Telegraph and elsewhere. (And this one in the Atlanta Business Chronicle, about the vote approving of the idea from GEFA’s own board of directors.) Also, according to reports, the proposal got a very negative reception from gubernatorial candidates at debates this week sponsored by the Georgia Municipal Association – and that was a fully bipartisan negative reception, too.

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