A mistake in town’s tax books has very likely cost the town of Mantachie thousands in sales tax dollars. During this month’s meeting of the town’s board of aldermen, Mantachie officials discussed a boost in the month’s sales tax collection diversion from the State of Mississippi. The check, they said, included a $10,000 addition for […]
Tag Archives | budget
* The 2014-2015 budget sees few changes from last year’s model. What can be said about the latest iteration of the Fulton’s budget that hasn’t been said about the last few that preceded it? Millage didn’t increase and luxuries are at a minimum. Last week, the Fulton Board of Aldermen approved the city’s budget for […]
* The county’s budget for the coming fiscal year doesn’t differ much from this year’s, although the value of each mill is up. Last week, the Itawamba County Board of Supervisors approved the budget for the 2014-2015 fiscal year that looks remarkably similar to last year’s, despite an increase in the county’s assessed value. Supervisors […]
Before they could approve the town’s budget for the next fiscal year, Mantachie aldermen first had to solve the mystery surrounding a deficit of more than $30,000 in the current budget. According to the budget, over which the board mulled during last Tuesday’s regular meeting, most of the discrepancy was found in the town’s public […]
The Fulton Board of Aldermen recently approved the city’s budget for the 2014 fiscal year, marking the city’s 30th year without a millage increase. The city’s 2013-2014 budget, approved in late September, maintains the previous millage rate of 31. The value of each mill is set at approximately $28,000. The $10.4 million budget, which City […]
The Itawamba County Board of Supervisors has approved a budget for the 2013-2014 fiscal year, which includes a five percent tax increase for residents. Last week, supervisors voted their approval of an ad valorem millage rate of 58.5 mills and a school millage rate of 60.9 mills. Both of these rates represented an increase from […]
During a special public hearing last week, Itawamba County supervisors fielded concerns about a then-proposed increase to the county’s taxes. About a dozen people attended the forum, most of whom weren’t so much concerned about this year’s increase, but future increases. In the proposed budget, which as of press deadline had not received final approval […]
County supervisors will be hosting a public hearing to address concerns over a proposed countywide tax increase. Scheduled for Tuesday, Sept. 3, at 9 a.m. in the county boardroom, the meeting will allow members of the public to discuss the proposed two-percent increase to the county’s ad valorem taxes. Currently, ad valorem taxes — those […]
Unpaid garbage bills and high equipment maintenance costs continue to concern county leaders, leading to questions about the future of the local sanitation department. During one of their regular meetings, the Itawamba County Board of Supervisors met with the head of the county’s sanitation department, Richard Johnson, to discuss the need for a new garbage […]
Supervisors are considering hiring a second public defender; counter-intuitive as it might seem, it’s a move that could save the county money. Currently, the county employs Fulton attorney Lori Nail Basham as its public defender at a salary of $3,500 per month, or $42,000 a year, plus benefits. Basham also receives additional pay for serving […]
• Fulton officials recently shuffled some of the city’s finances in order to cover unexpected expenses. Halfway through the fiscal year, Fulton’s budget is looking good, despite a few unexpected expenses. During their recent board meeting, city officials voted to amend the county’s $10.01 million budget to cover more than $33,000 in unexpected expenses. These […]
• The money will be reinvested in the city’s infrastructure. Fulton has finished refunding a collection of USDA Rural Development bonds, opening up more than $1 million in funds for potential improvements to the city’s infrastructure. Attorneys with Memphis-based law firm Duncan-Williams, Inc. recently completed refunding — basically the government bond version of refinancing — […]
Although nearly non-existent in Mississippi, the number of municipalities and businesses converting their fleets of vehicles to run on compressed natural gas — CNG — is growing nationwide. It’s a move that has the potential to save thousands of dollars annually, although the price to convert is high. Compressed natural gas is, essentially, the very same […]
• The board of aldermen have voted to refund seven USDA bonds, which should save the city more than $1 million in interest payments. Fulton is refunding its USDA Rural Development bonds, a move that should save taxpayers more than $1 million when all’s said and done. During last week’s regular meeting of the Fulton […]
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