County supervisors wrestling with $1.4M deficit
Published: January 9,2012
MADISON COUNTY — Madison County supervisors are facing a projected $1.4 million deficit.
The Clarion-Ledger reports the potential shortfall is not tied to the county’s general operating fund.
President John Bell Crosby says the deficit is directly related to road projects in one form or another.
The amount of the deficit is tied to what is remaining on the contracts for design fees and construction of Calhoun Station Parkway and Moss Road.
Wallace Collins, the county’s CPA, said the county has reserve funds that can cover the final amount of a shortfall.
Department heads have been asked to examine their finances and bring suggestions on ways to save money to the board’s next meeting Jan. 17.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Two new casinos like the odds on Mississippi Gulf Coast
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- College Board names Glenn Boyce as higher education chief
- Nehi Bottling Company has been a Cleveland fixture for 85 years