Voters overwhelmingly approve new sales tax
by Associated Press
Published: January 15,2014
JACKSON — City of Jackson voters have overwhelmingly approved a one percent sales tax in what city leaders hope will represent a turning point in their push to reverse decades of urban decay.
With 97 percent of the precincts reporting yesterday evening, The Clarion-Ledger reports some 90 percent of voters had voted in favor of the tax.
Mayor Chokwe Lumumba has said the city needs an estimated $1.2 billion to completely fix its infrastructure. He says raising sales tax by one percent will bring in at least $15 million a year until the tax expires in 20 years.
Lumumba said the local tax will not only improve infrastructure, but also create job opportunities, and increase public safety for an overall economic impact.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Palmertree blocked from using public funds for legal defense
- Two companies fined for violations of 'No-Call' law
- Report: Mississippi only state to see drop in home prices
- District at Eastover takes shape with financing in place, tenant signings under way
- States settle with manufacturers in DRAM price-fixing case
- John Ferrucci'a perfect voice is perfect for the Silver Slipper Casino
- City suing Hercules for pollution at shuttered plant site
- Pickering collects more money from failed beef plant project
- Ex-Democrat Taylor cleared to run in primary as Republican
- Rankin chosen as new president of Alcorn State