Tuesday, June 12, 2012

JPS is raising your taxes.

The Jackson Public School District is going to raise your taxes. Yup, the same school district that spends $57 million more than Desoto County public schools while the best middle school and high school (yes, that is singular) are only at the successful level is going to raise your taxes by approximately three mills. The Clarion-Ledger reported:

"When 81 percent of voters in 2006 approved a $150 million bond issue to build more schools and improve others, that meant they were willing to have property taxes raised to pay that debt.

But city leaders didn't raise taxes accordingly, and the school district didn't push it. Instead, the district quietly paid between $4 million and $5 million on the bond debt from reserve funds.

That, plus necessary tapping of the reserve because of economic factors, means the district will end the current school year with less in its fund balance than required by state law.

Although educators haven't pushed raising the millage in sympathy to the city's struggles in a dour economy, "now the district can't be nice about it," interim Superintendent Jayne Sargent said Monday.

"Our reserves are so low that we're almost broke. We can't pay it like we have over the last three years," she said. "We've had as much as we can take. We need to do now what we should have done three years ago."....

Amortization of the $150 million debt during its 20-year lifetime can increase the payment in some years. The bond debt will increase by $2.3 million during the next academic year over 2010-11, said Sherilyn Miller, the district's chief financial officer.

It's up to the city, based on local property values, to determine the new millage that will generate the tax dollars needed for each year's bond repayment.

Although the district hasn't done an analysis, it likely will be between 3 and 3.5 mills, Miller said. One mill is equal to $1 of tax on every $1,000 of a property's assessed value..
.." Article

Nice. Here is the Here is the bond schedule for the $114 million issue. It will only get worse as the payments will increase from $2.1 million this year to nearly $5 million in 2014. Of course, Mayor Johnson said he had no knowledge of the increase in debt service. Well Mayor, its right there in the schedule. Easy for anyone to find on Emma.msrb.org. Here is the link to the statement for the 2007 bond issue for $36 million.

The official statement of the bond issue. PDF format, 161 pages.


Anonymous said...

Well, would you prefer that they default?
It's a big shit sandwich and yes, we all have to take a bite.

Anonymous said...

What really bites is that property taxes are being raised on properties that are declining in value!!!!Most of the time by 50% ! Well hell...I was going to take my new appraisal down to the Chancery this week to ask for a decrease!

Anonymous said...

The voters have spoken. The vast, overwhelming majority of which don't actually pay property taxes because they don't own any real estate in Hinds County.

Strike that. The moochers have spoken.

Anonymous said...

Meanwhile, North Dakota votes to abolish property taxes

Anonymous said...

you deserve the sandwich served if you go to establishment that doesnt pass standards-- of anything.

Anonymous said...

When 81 percent of voters in 2006 approved a $150 million bond issue to build more schools and improve others, that meant they were willing to have property taxes raised to pay that debt.

Blatantly false. During the run up to the election all the pro-bond mouthpieces (which included many of the debt happy RINOs that the Democrats whore out) went out of their way to explain that the bond payments would be handled WITHOUT any millage increases because existing (at-the-time) JPS bond issues were due shortly to be rolling off the roll as payment was nearing final payment.

Jayne is full of shit.

Exactly like, during the election, when it was specifically promised that a new junior high was going to be built in NORTHEAST Jackson only to have that modified immediately after the election to a new junior high in NORTH Jackson.

meople said...

This marks the begining of the fall of Rome. Expect twice as much "white flight" upper income families. And I know Jackson been in the shit hole for a long time meople what do you mean fall of Rome.

Anonymous said...

meople @ 6:35: are you answering the voices in your head in your post?

meople said...

@ 8:50 some of the Jackson stomping trolls have become very predictable. Just trying to save us the time of them hijacking this thread with repetitive Jackson bashing. Is that ok? Is it?

Shadowfax said...

Very damned few (if any) elected officials in Jackson could give a rip. The people who keep voting them in are not property owners. Very damned few department heads and thousands of other City of Jackson employees could give a rip. The people who control their jobs are the ones voted in by non taxpayers. Very damned few of the thousands employed by the school system could give a rip. The school system is the biggest employment agency in the state's brokest and largest city and nobody can touch those jobs or upcoming pensions. In short, nobody gives a rip except a few property owners, and if they're dumb enough to live there, they're not smart enough to protest.

Anonymous said...

Go Meopple!

Anonymous said...

Is Meople the son of Mott the Hoople?

Anonymous said...

Throwing more money at the schools is not the answer. The intelligence level of a disproportionment of the graduates is so low that the students have to take remedial courses to get a job or to get into a college.

It's difficult to legislate parental responsibility, however, something has to be done to get the parents (or single parent) to take more interest in the education of their child. Part of the problem is that so many of the parents don't know enough to help their children with their homework. This has been happening at least since the mid 60's when I was a young man. My family left Jackson in the mid 70's. I hope that Jackson and other areas can get the education system educating students rather than just socially passing them to the next grade level. Good Luck Jackson!

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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).

Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

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Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.

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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS