Georgia bills to slash property taxes take center stage
By: Robert Slavin
Excerpt from the article:
(March 5, 2026) If the original HB 1116 hypothetically became law, it is unclear how local governments would pay for social services without an ad valorem tax, John Mousseau, executive vice president and chief investment officer at Cumberland Advisors, said on Monday. While there has been talk of a local sales tax, no plan has been set out.
"Sales tax is inherently regressive and therefore hurting the exact section of the populace it's purporting to help," Mousseau said. "It would most likely be a double whammy on them, with the regressive effects of the sales tax and higher home prices in towns and cities." Plus, governments would have a new administrative burden of applying and managing a sales tax.
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John R. Mousseau, CFA
Chief Investment Officer
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