By Emily Le Coz/NEMS Daily Journal
TUPELO – Mayor Jack Reed Jr. on Monday provided additional details about his proposed university tuition guarantee program, saying it will not replace the All America City Plan.
Reed called an afternoon press conference to talk about the new program, which would pay four-year university tuition for Tupelo High School graduates.
Called Tupelo Promise, the plan would get funding from a 5-mill property tax generating an estimated $2 million annually.
The All America City Plan also would require a 5-mill property tax. It proposes to revitalize aging neighborhoods by purchasing and demolishing dilapidated housing and incentivizing private developers to build anew.
Neither plan has been approved by the City Council, and many of its members are skeptical of both proposals.
Reed did not say how many students would qualify for the tuition guarantee or what kind of requirements they might have to meet.
Read the full story in Tuesday’s Daily Journal.