Tag Archives | budget

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Mantachie budget amended due to overspending, over-earning

Overspending has forced Mantachie officials to amend the current year’s budget. They aren’t sweating it, however, because they’ve also made a lot more money than expected. Bryon Wilemon, an accountant with Franks, Franks, Jarrell & Wilemon, which handles the town’s budgeting each year, recently spoke with town officials about their upcoming budget year and how […]

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County millage rate expected to remain the same

If everything goes according to plan, the county will keep its current millage rate of 126.55. That means no direct tax increase for county residents, although they will likely pay more in taxes anyway. Last week, the county’s board of supervisors briefly discussed the budget for the 2015-2016 fiscal year, which must be approved in […]

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Taxing mistake may have cost Mantachie thousands

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 […]

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Fulton officials approve $10.8 million 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 […]

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County’s value up, budget about the same

* 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 […]

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Mantachie board questions $30k deficit in budget

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 […]

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Fulton millage stays steady for three decades

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 […]

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Supervisors approve bigger budget with few changes

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 […]

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Supervisors listen to concerns about tax increase

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 […]

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County to host public meeting regarding tax increase

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 […]

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Unpaid garbage bills continue to vex county supervisors

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 […]

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Board ponders public defender position

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 […]

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Fulton budget amended by $67K

• 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 […]

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Fulton bond refund saves $1.41million

• 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 — […]

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