City leaders approve tax hike to fund schools
GREENWOOD — The Greenwood City Council has approved a $25.5-million budget for the school district that includes an increase in the school tax rate while also approving a $10.6-million general fund budget that keeps the city tax rate the same.
City Clerk Nick Joseph tells The Greenwood Commonwealth that the school district’s new budget contains a 3.5-mill tax increase, roughly $315,000, which is permissible under state law. The rate rises from 46 mills to 49.5.
The move increases taxes on a $100,000 home with homestead exemption by $35, and the taxes on a $20,000 car increase by $21.
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
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Panther Creek megasite — Putting a value proposition out there
- BBB issues warning involving asphalt paving scam
- Chris McDaniel responds to radio show audio clip
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody