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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Winchester lands $50M ammunition contract from Homeland Security
- Deer processors need to use caution to insure safe, tasty venison
- Canadian company purchasing Southern Lumber for nearly $50M
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Travis retiring as head of Mississippi World Trade Center
- Lawmakers question education leaders about escalating administrative costs
- Peavey Electronics reorganizing under new globalization plan
- Drew Brees settles lawsuit alleging investment fraud
- Court rules board can discipline West Virginia radiologist