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.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- Dan Jones rejects IHL offer, won't publicly apologize
- Email from Nash to Delta Council’s Morgan included in DHA court file
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- DAVID DALLAS — From Dan and Dixie with love
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- Law to bolster utilities’ economic development efforts gets mixed reactions