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.
Revival stirs churches to act as one in Christ Jesus By turns smiling and...
Local History: Chickasaw Indians, Part 1 This week continues a...
North Tunica fire district seeking 2017 tax increase North Tunica County...
Woman, 62, survives vicious rape, assault A violent assault in...
Legals for the Week of Aug. 12, 2016 _________________ IN...