Olive Branch mayor Phillips proposes 4 mill increase

Proposed budget has hearing before citizens, aldermen

OLIVE BRANCH – Residents voiced displeasure about the proposed property tax increase to members of the Olive Branch Board of Aldermen Tuesday night.

Mayor Scott Phillips has proposed a tax hike of four mills, moving the millage rate for city property taxes from 34.5 mills to 38.5 mills.

Two-and-a-half mills of the increase would be used to help pay for general operating expenses, while the other one-and-a-half mills would cover a new bond issue to pay for debt service.

Desoto Times
8/21/14