Council may tap reserve fund

The Clarion-Ledger, 8/14/7

Jackson City Council members could consider as early as today whether to take $3 million from the city’s reserve fund to balance the budget.

Rick Hill, the city’s director of administration, said the council also has the option of refinancing long-term debt to draw down money from bonds.

Either method would go toward eliminating the $3.9 million deficit that occurred when sales-tax revenue dropped $2.6 million earlier this year.