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
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