City budgets $175K to finance proposed annexation
Published: May 17,2012
PASCAGOULA — An additional $175,000 will come out of the Pascagoula general fund this fiscal year to finance annexation.
The Mississippi Press reports city leaders approved the budget amendment.
The city’s plan to annex about 21 square miles east of the city got rolling in fall 2010, and has been a subject of debate ever since. Proponents say that the millions in investment for things such as legal fees and infrastructure will pay off in the long run in the form of economic and tax-base growth.
Officials have said that the city would invest about $2 million in the first five years, but Councilman Jim Milstead and others predict it will be many times that figure.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Humana and Bill, Hillary and Chelsea Clinton Foundation partnering
- College Board gives Keenum contract extension, raise
- Six out of eight universities could have higher tuitions in 2015
- Can Metrocenter rise from the ashes? Again
- Hunting deer? There's an app for that
- Gulf oil rig explosion kills one worker, injures three
- Apple ordered to pay $23.6M for using SkyTel technology