Advocates of the proposed new City of Lakeside have released a University of Georgia study that finds their plan to create the city in central DeKalb County is financially sound, according to a report in our sister publication Reporter Newspapers.
The Lakeside City Alliance is the first of several groups hoping to incorporate a city in the north-central corridor of the county to publish a completed feasibility study. Other cityhood movements include Briarcliff and Tucker.
“We are thrilled that our community generates the revenue necessary to govern itself,” said Mary Kay Woodworth, chair of the Lakeside City Alliance in a news release.
“After more than 70 community meetings discussing potential incorporation, it’s now time to move forward and request that the General Assembly allow us a vote to become Georgia’s newest city.”
The analysis was completed by the Carl Vinson Institute of Government at the University of Georgia. Studies from the same organization have also been used to validate other recent incorporation efforts, including Brookhaven, Dunwoody and Peachtree Corners.
The institute estimated that if created, the city of Lakeside would have annual expenses of $29, 909,347 and total annual revenues of $35,245,527. Revenue estimates were based on property taxes collected in the same area of unincorporated DeKalb in 2012 as well as projections for franchise fees, sales taxes and grant funding. The expenditure estimates were made using the budgets for the cities of Smyrna and Dunwoody, which were selected as comparison cities for the proposed city of Lakeside.
The proposed city would be approximately 20 square miles. The report describes the study area as bounded to the north by I-85, Gwinnett County to the east and North Druid Hills Road to the south. Most of the area is bounded on the east by I-285 north of U.S. 78.
Sen. Fran Millar, R-Dunwoody, sponsored the bill to create the city of Lakeside last year. Millar said the final borders for the proposed city have not yet been finalized.
Read the full story at the Reporter Newspapers site.