Supervisors want to reduce property tax rates
Published: September 12,2011
OXFORD — The draft 2012 budget reduces tax rates for Lafayette County property owners from 2011’s 33.79 mills to 26.5 mills.
The Northeast Mississippi Daily Journal reports supervisors hope to reduce the budget by eliminating most periodic bond payments, using part of the county’s $30-million hospital-sale proceeds to pay off long-term debts. The county and the City of Oxford last month sold the hospital they had jointly owned since the 1960s to Baptist Memorial Health Care Corporation.
The draft 2012 budget projects $16.25 million in revenue, of which $9.5 million is local tax revenues and another $2.5 million in fees for services. Expenditures, including debt payoff, will be $32.2 million.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Host families prepare for Mississippi Braves’ season
- Ridgeland property rights tussle is expected to have wide impact
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Mississippi takes an incentives licking, keeps on ticking
- Investors in Northbrook complex say Ridgeland targeting its own collateral for demolition
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets
- PHIL HARDWICK: When will Mississippi change its culture?
- Mississippi furniture makers on rebound with more exports