GREENWOOD, Miss. (AP) - Local taxes are increasing for the first time in 11 years in one Mississippi city.
The Greenwood City Council has approved a 4.1 percent increase in property taxes for the budget year starting Oct. 1.
The Greenwood Commonwealth reports the additional money will help fund a previously approved pay raise for police officers and firefighters. It also will help pay the increased cost of health insurance for city employees.
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The city will have a $12.2 million budget in the new year, up from the current $11.7 million.
Officials had to pull $500,000 out of cash reserves to get through the current year, leaving a reserve balance of $2.7 million.
Greenwood resident Annie Pearl Washington says she doesn’t mind paying higher taxes “if it is for a good cause.”
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