Business & Tech
Big Business Backing TSPLOST
Records show such corporate giants as Coca-Cola and Delta Air Lines have donated to the group supporting the transportation referendum. If passed, officials say Sandy Springs would receive $1,841,969 per year for local projects.
The transportation referendum that is on the ballot for July 31 has drawn millions of dollars in support from major Atlanta-based corporations, according to media reports.
The Atlanta Journal-Constitution reports that the Citizens for Transportation Mobility has raised $6.5 million from spring 2011 through July 16, 2012.
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Records show that the Transportation Leadership Coalition, which is fighting the referendum, raised $14,418, the AJC reported.
Cox Enterprises, parent company of the AJC, and Georgia Power both contributed $250,000. Coca-Cola Co. donated $197,500.
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If the is approved on July 31st, the Legislature requires that 15 percent or $1 billion be set aside for local projects.
Officials say Sandy Springs would receive $1,841,969 per year for local projects.
- A breakdown of total county funds includes the following:
Fulton $22,434,403
Dekalb $14,206,434
Cobb $17,022,737
Gwinnett $17,842,464
Cherokee $6,840,454
Clayton $6,197,064
Douglas $4,360,130
Fayette $4,364,285
Henry $7,469,922
Rockdale $2,955,289
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