Please see new Map page for ATM's map of all tax-favored properties in Chattanooga. Almost 29 percent of the land area in the city appears as tax-favored .
We hope the map will remind our elected officials they need to be careful before adding more tax break land through property tax incentives like payment-in-lieu-of- tax (PILOT) and tax increment financing (TIF). The tax burden shifts to homeowners and small businesses when large companies are given special treatment.
ATM will soon release results of a study where we examined each PILOT agreement to determine what commitments companies made to get the tax break, what the “clawback” language is if they do not meet their commitments, and what their reporting requirements are.
See new pages on the colorful new Map and Government Trasparency .
The Jobs PILOTs page gives an overview of the entire program and then focuses on Jobs PILOTs.
The Housing PILOTs page tells about housing PILOTs. Content about the sad Walnut Commons PILOT has been moved to this page.
The GE/Alstom page discusses that company's large PILOT in light of the plant closure.
Chattanooga is home to a grassroots movement organized by citizens who believe we can persuade our local elected officials to reform the current "system" for granting property tax breaks. This broad-based coalition calls itself "ATM" (Accountability for Taxpayer Money). We believe it is time to transition from what oftentimes appears to be a corporate welfare program to an approach that better reflects the PUBLIC interest. By doing research and offering constructive suggestions, ATM hopes to be part of the solution. Please find time in your busy life to read the section on PILOTs. This issue matters to you and to our community.
Helen Burns Sharp, Founder
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