By Emily Le Coz/NEMS Daily Journal
UPDATE – Several City Council members called for caution before adopting the plan proposed by Mayor Jack Reed Jr.
They said they don’t want to tamper with an initiative as successful as the Major Thoroughfare Program.
According to Reed’s plan, residents still would vote on the Major Thoroughfare Program in an election later this year. But instead of raising a 10-mill property tax, the program would raise five mills for street improvements.
The other five mills – the portion that would fund the All America City Plan – would come from a general fund tax hike. The council would have to approve that hike before it went into effect.
The end result for taxpayers, however, would be the same as if they simply voted to renew the 10-mill property tax typically levied to pay for the Major Thoroughfare Program.
Read the full story in Tuesday’s Daily Journal.
TUPELO – Mayor Jack Reed Jr. today unveiled a new plan to replace the Major Thoroughfare Program.
Called the “All America City Plan,” the initiative would combat Tupelo’s urban decline by funneling $10 million toward neighborhood revitalization over the next five years.
Another $10 million would go fund two major road projects envisioned by the Major Thoroughfare Program: widening East Main and South Gloster streets.
The money comes from a 10-mill property tax that, for the past two decades, has gone exclusively to the Major Thoroughfare Program. It generates $20 million every five years.
Reed announced the plan at a City Council work session at City Hall. The council and some 50 people in the council chambers heard the plan at about 4:30 p.m.
Discussions about it are ongoing.
Check back later for updates.