The city of Stockbridge’s bond rating could be negatively affected by the Eagle’s Landing legislation.
The legislation, signed last week by Gov. Nathan Deal, will let voters decide on creating the new city of Eagle’s Landing. Part of its land would come from Stockbridge.
As a result, Stockbridge would also lose millions in tax revenue. It would still be responsible for all its debt, which, according to Moody’s Investment Service, would bring down its bond rating.
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