By REGGIE ROSS
The Grenada City Council voted Tuesday (Aug. 29) to raise the city’s millage rate by four mills. The vote was close, passing 4-3.
Ward Five City Councilman Joshua Hughes made the motion to adopt the city’s FY 2018 millage rate, and Ward Two Councilman Fredreick “Pete” Wilson seconded the motion.
Ward Three Councilman Lewis Johnson and Ward Four Councilman Ernest Hargrove also voted in favor of the motion.
Ward One Councilman Warren Cox, Ward Six Councilman Larry Vance and Ward Seven Councilman Ronnie Merriman all voted against the measure.
For the next fiscal year, beginning Oct. 1, 2017, and ending Set. 30, 2018, the city increased the ad valorem tax millage rate by four mills from 57.19 to 61.19 mills.
This is the third city tax increase in three years. It will be compounded this year by the periodic county-wide real estate re-appraisals.
The city is now operating with a projected total budget revenue of $12,653,704, and for the next fiscal year, the proposed budget has total projected revenue of $12,785,960.
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