Natchez looking to slash budget
NATCHEZ — Natchez Mayor Jake Middleton says he has asked for all department heads to cut 5 percent of their budgets by Friday.
Middleton says he took the action because the Mississippi River city is faced with lagging sales tax collections and falling revenues in other areas.
Middleton met with all city department heads Monday.
The Natchez Democrat reports that the city collected $409,969 in November 2009, down from $457,276 in November 2008 — a 10.35 percent drop. Sales tax collections are reported two months after the fact.
Total sales tax revenues for fiscal year 2010, which began Oct. 1, are $1.62 million.
Alderman Dan Dillard said the cuts are necessary to prevent more budget woes down the road.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Panther Creek's location in medical industry zone boosts bio-med prospects
- BBB issues warning involving asphalt paving scam
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody