Borders’ 2008 tax return shows $119K income
Atlanta mayoral candidate Lisa Borders released tax records today that show she earned about $119,000 in 2008. A spokeswoman said the bulk of Borders’ income came from a consulting business that worked on bringing women’s pro basketball to Atlanta.
Borders challenged her opponents to disclose their own tax returns. Last week, she asked other candidates to commit to an anti-nepotism policy and to a ban on the city doing business with their former employers if they were elected mayor.
“Transparency starts at home – right here and right now,” Borders said. “I have released my income tax records and challenge my opponents to do the same. It’s time for Mrs. Norwood and Mr. Reed to put their money where their mouths are. It’s time to move beyond rhetoric.”
The move is designed to deflect rumbling about Borders’ ties with her former employer, developer Cousins Properties, and to draw attention to the law firms that employ Reed (Holland & Knight) and candidate Jesse Spikes (McKenna Long & Aldridge).
Borders’ campaign did not immediately release schedules showing her deductions or details of her business income.
The campaign said Borders, president of the Atlanta City Council, has been earning a salary of $200,000 a year since December as president of the Grady Health System Foundation. She started an unpaid leave from the position Sept. 15.
The foundation has been paying Borders a straight salary, campaign spokeswoman Liz Flowers said. She said rumors and Internet reports that Borders earned a six-figure bonus this year are incorrect.
Suzanne M. Rogers, Borders’ predecessor at the foundation, earned $108,928 in 2007, plus $14,606 in benefits, tax records show.