Capital City residents to pay more taxes to support schools
Published: June 12,2012
Tags: appropriations, bonds, debt, education, elementary schools, funding, funds, high schools, junior high schools, kindergartens, learning, municipal govertnment, revenues, school districts, schools, secondary schools, students, tax collections, taxes, taxpayers
JACKSON — Jackson residents will soon pay more in taxes supporting the city’s school district.
When 81 percent of voters in 2006 approved a $150 million bond issue to build more schools and improve others, it meant they were willing to have property taxes raised to pay that debt.
But city leaders didn’t raise taxes accordingly, and the school district didn’t push it.
Interim Superintendent Jayne Sargent told The Clarion-Ledger now the district can’t be nice about it.
Although the district hasn’t done an analysis, Sherilyn Miller, the district’s chief financial officer, says it likely will be between 3 and 3.5 mills. One mill is equal to $1 of tax on every $1,000 of a property’s assessed value.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Capital City residents to pay more taxes to support schools”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- UMMC reaching out after death of high school football player
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- Report: Mississippi has worst child poverty rate in U.S.
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders