City of Tupelo; restore special sales tax in support of Northeast Mississippi Regional Water Supply District.
(S) Died In Committee
Summary
The bill re‑establishes a city‑wide special sales tax in Tupelo to raise half of the money needed for the district’s water‑project bonds, including the Wellspring Project. It authorizes the city to issue up to $53 million in general‑obligation bonds, sets how the tax and bond proceeds are used, and outlines trust and reserve requirements. The measure aims to address regional water shortages and support municipal, residential, commercial, and industrial water users.
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