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
- Haley Barbour: Kemper plant will rival Grand Gulf’s performance
- Longtime Biloxi mayor Holloway resigns
- MDOT commissioner: National group gets it ‘backwards’ on state’s spending on bridge upkeep
- BEN WILLIAMS AND MOLLY JEFFCOAT: Title certificates, reports, commitments & policies: The difference may be your job!
- JOSH MABUS: Make it in Mississippi
- With S&P suit settled, Mississippi set to take on Moody’s over flawed investment ratings
- DAVID DALLAS: Tax slasher productions comes to Mississippi
- LOUANN LOFTON: A book of maps for lovers of New Orleans
- Proposed ammo ban empties shelves