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Sunday, June 2, 2024

City Money Issues

Credit: WCBI
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City Money Issues
City Money Issues

Cities in Mississippi are all in need of money due to Covid-19's disruption to shopping.

Not only are individual mississippians financially impacted by covid- 19 but city budgets are also feeling the pocket pinch// some people are staying home, meaning they're shopping less// and that results in a drop in sales tax revenue// with less revenue cities will have to find ways to get more money back in which could mean cuts to important services// the executive director for the mississippi municipal league says it's a problem all over the state// "some of our cities, particularly the mid to smaller ones, have not seen a lot in the way of expenses, but they've seen dips in revenue.

Even in a small town just a little bit of revenue loss is serious issue because they don't really have a way to make that up.

Nobody wants to raise property taxes, and in some of our smaller communities, a mil doesn't generate a lot of property tax, so that isn't really a good solution anyway."

The mississippi municipal league is asking congress to pass a fourth stimulus bill that would allow cities to use the funds to replace revenue loss//

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