Sunday, June 17, 2018
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The Tunica Times • P.O. Box 308/986 Magnolia Street, Tunica, MS 38676

Shortfall loan may up debt by millions

County supervisors voted Monday to take the next step toward a loan in anticipation of taxes, after learning that the amount they can borrow may substantially exceed first estimates.

Board attorney Ellis Pittman said gaming tax revenues can be added to the amount anticipated from property taxes and that up to 25 percent of that amount could be borrowed.

“We’re looking for a fiscal year tax,” county administrator Michael Thompson said.

“All (property taxes and gaming tax revenue) can be considered taxes that you can get an anticipation loan on,” Pittman restated.

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