Bank of Holly Springs

City sets budget; no tax increase

The Holly Springs Board of Aldermen approved its fiscal year 2018-2019 budget September 4 following a public hearing and also fixed the tax levy for the city and the municipal school district.

There will be no tax increase to fund this budget, according to city officials.

Tax Levy

General City – 35.77 mills

Fire protection fund – .21 mills

Police bond debt – 3.04 mills

School maintenance – 51.00 mills

Special school fund – 1.00 mill

School bond – 12.65 mills     

School district note – 3.00 mills

  Total levy – 106.67 mills

The total projected revenue for fiscal year 2018-2019 is $7,924,025.55. The total proposed expenditure is $8,089,546.15. A carry-over of $165,523.60 brings the new budget into balance.

Highlights

The new budget calls for no salary increases for the general city and no major purchases of equipment.

Some expenses in this new budget include $240,000 for the police bond; $150,000 for the street bond; $101,000 for a Cap loan; and $150,000 for debt to the Mississippi Development Authority.

Also included in this budget, pending awarding of grants, are monies for a Safe Routes to School grant, a fire grant, and an Archives and History grant.

The A&H grant includes some funds to continue work on restoration of the Hugh Craft Cottage and the Old Water and Light Building.

There is also some money for downtown revitalization.

A Healthy Heroes grant will provide a firefighter and a police officer to work with children grades K-5 through Blue Cross/Blue Shield. They work with children once a month to teach healthy eating, provide a physical activity and a community walk.

Some revenue from the Holly Springs Tourism and Recreation Bureau will go towards an effort to plan an aquatics center.

No new positions are included in the new budget.

The budget adoption date is set for September 13 at 5:30 p.m. in the board room at city hall.

Holly Springs South Reporter

P.O. Box 278
Holly Springs, MS 38635
PH: (662) 252-4261
FAX: (662) 252-3388
www.southreporter.com