Co. borrows $3 million for shortfall
Supervisors approved a resolution May 29 to close the deal on a $3 million loan from First Security Bank. County administrator Michael Thompson said the funds would partially cover a shortfall in operating revenue.
But confusion arose when Thompson said the county was projected to have a $9 million shortfall. The county is limited to a loan of 25 percent of the shortfall. Three million dollars is 25 percent of $12 million, not $9 million. That discrepancy was not explained during the meeting. Thompson also said that casino tax revenue was down $1.5 million in a $29 million fiscal year budget for the general fund.
New Strangers Rest is rising from the ruins Today there are only...
Brazilian Dance to perform at televised gospel awards show Local nonprofit dance...
More acres planted in state’s major row crops than in 2013 MISSISSIPPI STATE...
Assessed value of property down slightly Tunica County Tax...
Board to terminate Tunica Arena lease A lengthy – and...