Sunday, November 6, 2011

They are going to borrow 4 MILLION DOLLARS!!!!!

And pay it back with what...tax increases?

Here's the resolution:

"Resolution of Tunica County, Mississippi (The "County") declaring the intention of the county to authorize the borrowing of an amount not to exceed four million dollars ($4,000,000.00) by entering into a loan with the United States of America, Department of Homeland Security, Federal Emergency Management Agency ("FEMA") relating to the disaster experienced by Tunica County associated with the flooding of the Mississippi River, loss of revenues, damage to public property and infrastructure; and for other authorized purposes under the ACT."

Further, the Public Notice states that "the taxing power of the County will be pledged to the payments of the Loan..." That answers that question.

So, the Tunica County Board of Supervisors has authorized the building of all of this stuff around here and never thought to put money aside for a rainy day?

Throw the bums out!!!!

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