Schools to share in tax revenue from LNG terminal
PASCAGOULA — Four Jackson County schools will share $395,468 in tax revenue from Gulf LNG Energy’s $1.1-billion liquefied natural gas terminal under construction in Bayou Casotte.
County supervisors approved distribution of the funds Monday.
A 2007 state law mandated that taxes generated by new expansions at LNG facilities and crude oil refineries be split among all four school districts in the county. This will be the first distribution under the arrangement.
County tax collector Joe Tucker says the December payment was the first one from the LNG plant since construction began.
The largest portion is going to the Pascagoula schools, which will receive $255,652. The other shares: $72,861 to Jackson County schools, $43,323 to Ocean Springs schools and $23,630 to Moss Point schools.
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