City officials asked to slash budgets
JACKSON — A city of Jackson official tells The Clarion-Ledger that department heads are being asked to reduce their budgets to make up for lower tax collections.
While property tax figures are not yet in, the city is running between 12 and 15 percent behind on sales tax revenue, which makes up about a quarter of the city’s $123 million general fund budget.
City spokesman Chris Mims said the city will not cut services, nor will it trim staff. He would not offer any other specifics.
But unless sales tax collections pick up, the sales tax deficit will grow to about $4 million by the end of the fiscal year on Sept. 30. Mims said the city council will be briefed on the planned budget changes at Thursday’s meeting of the budget committee.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- Entergy gives solar a shot
- Critics say Pearl out to eliminate mobile homes and apartments – not safeguard them
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- State Sen. McDaniel traveling Mississippi to promote PAC
- Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Despite obstacles, craft beer industry growing
- (VIDEO) DON GLIDEWELL — The threat of cyber crime to businesses is real