Saturday, June 23, 2018

It's Only 5 Mills

The JPS $65 bond issue will apparently cost five mills if it is approved.  JPS revealed the amount of the millage at the April 15 meeting of the School Board.

The School Board discussed hiring Nnambi Thompson of Government Consultants, Inc. as its financial advisor.  JPS Chief Financial Officer Sharolyn Miller said that JPS paid off some debt earlier this year and "that at this point, those mills have rolled off."  She said the District would be able to borrow up to around $70 million to fund infrastructure improvements at "no tax increase, at no cost to the citizens of Jackson."

Mr. Thompson got the gig.

Kingfish note: If the mills have rolled off or are going to roll off, the bond issue is funded by a tax increase - period.  The homeowner will see his taxes go up five mills when it was going to be five mills lower than it was last year.  The supporters of this bond issue can spin it all they want but JPS is asking for a tax increase.


Anonymous said...

Mr. Fish -- You gotta remember this is for the children.

For the Chirren said...

Sooooo glad I moved outta that shithole.

Anonymous said...

Hey fish. They're saying the taxpayers will not notice an increase. Remember, if a good pick-pocket picks your pocket you won't even notice. If you didn't notice were you really robbed?

Anonymous said...

They think that maintaining the current level of taxation is palatable.

H. Anne Jones in the campaign before the Nov 2006 bond vote used this same line about no bump due to an impending roll off and guest what? Right, JPS millage was jacked up further a couple fiscal years after.

Anonymous said...

This is what happens when most of the smart, hard working people flee from a city.

Anonymous said...

Its clear that the wonderful, new governance, Jackson Public School "Board" has used sound financial considerations in their plans for this bond deal.


What is clear is that they see that 5 mils are 'rolling off' and 5 mils can support $70 million in bonds, so they plan for a $65 million bond issue. Although they don't have plans for what the $65 million is needed for, that's how much they can borrow.

From what little information this new governance group has been willing to release publically, they need approximately $15 million to meet the MDE requirements that they have failed to address for the past several years. To that, they have added another $5 million or so for athletic facilities. After that - hey, its free money, let's go get it and figure out where to spend it.

Remember, to these folks, "COSTS DON'T MATTER". One of the few honest statements that these hucksters have said in the last several years - when they were answering why they were spending an unnecessary $500,000 for an August election. Now, they are spending that much to benefit Derick Johnson and his bogus operation.

For me - let me have the 5 mil decrease in my overcharged real estate taxes. Until they come up with some realistic plans, budget numbers, and reorganization structure - I want the reduction I was promised some two decades ago. Not this continual "its rolling off, so let's just reup and tell everybody its free money.

Cynical Sam said...

The people who will vote yes don't pay taxes. They are on the dole, and will always vote yes for more "free stuff."

Isn't bond money "free money?"

We can thank LBJ for his not so "great society."

Anonymous said...

Our little scholars are going to be so much smarter once the bond issue is passed.

Anonymous said...

You know our Junior and Community Colleges can raise the county millage without a vote, right? Look up how much.

Anonymous said...

My guess is that none of you have children in public school who deserve a quality education.

Anonymous said...

The Bank of Jackson at work. I can’t wait for the long term effects of “the people’s budget” program. We shall over-churn!

Anonymous said...

Here’s a crazy idea; all bond voting should take place on your annual property tax bill. You start with your base tax amount followed by a list of proposed bonds and the amount it would add to your individual tax bill the following year. Check yes or no.

Cynical Sam said...

Once this free money starts flowing I see a lot of lawyers, physicians, nuclear physicists, rocket scientists, astronauts, dentists, and engineers in Jackson's future.

Antard said...

So if the bond vote does NOT pass then everyone's property taxes will go DOWN.
As I wrote before, this IS a tax increase.

Oh so many pockets to fill first before the first penny is spend on the projects. Again how does athletics make kids smarter and turn a school from F to A?

Jackson is in a deep state of loss and the capital will be changed by 2025.

So how are those resolution training sessions going that was so hyped up? Only a handful showed up and they were the elderly looking for some free cookies and drinks.

Anonymous said...

Our taxes would not be going up if Phil hadn't been hoodwinked by the Mayor and signed the emergency takeover order like he said he would. Old Dr. Feel Good Phil.

Anonymous said...

Hopefully the architectural design can save some money by specifying "fake stucco".

Anonymous said...

All you have to do is go on YouTube and watch jackson public school fights. That’s what our money is going to. That, and, let’s not forget, the summer free breakfast and lunches. This city is a f@$&ing joke. Pooring more money on a problem that money CAN’T fix! It’s all about the chilren. Bullshit. The 1% of the kids that will do something for themselves will do it with or without this money.

Anonymous said...

Aren't schools capped at 55 mills by law?

Anonymous said...

@4:47 "My guess is that none of you have children in public school who deserve a quality education."

Yes, you are correct, but I attended Boyd Elementary, Chastain Jr. High and Murrah High Schools. My children and step children attended McLeod Elementary, Spann Elementary, Chastain Jr. High and Murrah High Schools. I absolutely believe that ALL children in public school deserve a quality education. The problem is JPS is way top heavy with administration and they spend way to much money on administration. The brass at JPS keep preaching that more money will solve the problem. The facts have proven that dollars to administration do not correlate to improvement in education. The best public school systems in the State spend much less per student than JPS. Quality education is NOT ABOUT THE DOLLARS!

Anonymous said...

@ 4:47,
You are correct. None of the NE Jackson kids attend JPS for the most part... however, we so pay a overwhelming % of Jackson taxes. Your obviously not from Jackson to understand this obvious concept. Also, if you believe this money will lead to any increase in the education quality then you are seriously misguided or are on the board of jps. This is going to line peoples pockets. Not the kids. My kids attend a much more diverse private school than JPS. Joe has no diversity and is a awful place for any child.

Cynical Sam said...

Come on you cheap-skates. Get those moths out of your wallets and stop being Scrooges. It's for the children, so pay up and smile. Mr. Bohica will be around shortly with the collection plate.

Putting People In Columns.. said...

Some of you deep thinkers are right....More money for athletic facilities will NOT make children smarter or turn schools from F to A. But, you must think a little deeper for the answer. Better athletic facilities will give scholars a better shot at the NBA and NFL which is the real goal here.

There are three ways for most of these children to escape inner-city Jackson: Parchman, NFL, NBA.

Anonymous said...

I agree with the above comment about Governor Phil Bryant. Instead of wading into a Republican primary to help elect another Kingdom of Rankin Congressman(who will be a disappointment like his predecessor) he should be following through on his own directive to improve education in Mississippi. The State of Mississippi must take over Jackson’s school system. Another tax increase to force a small segment to cover the tab for those that have caused this debacle. Another tax increase to push us closer to bailing. Another tax increase to push this city into complete bankruptcy.

Anonymous said...

Wait one dang minute ...I thought that $65,000,000.00US bond issue was free and already being paid for by prior tax increases with a few "roll offs" here and there. Gotta run, I just bought some ocean front property in Arizona and the beach is calling me. toodleoo!

Anonymous said...

The Georgia legislature passed a law to allow residents to deannexfrom a city with a vote. There is a city where a few neighborhoods have had enough and are going to vote themselves out and form a new city. Some of you in NE Jackson may want to talk to your legislator. I cannot remember the City name but it is just south of Atlanta.

Anonymous said...


Not that i disagree but -- the last time I heard of this was 1861... and it didn't work out very well..

Anonymous said...

I believe you are referring to CID's community improvement districts. Yes Tate Reeves killed it off by refusing to sign into law. Bulkhead is in city of Atlanta as well as several upscale expensive areas that have formed CID's and manage there own needs. Wprks very well and property values rise quickly. Demographics of Atlanta went from 70% black to majority white and Jackson leaders don't won't that.

Anonymous said...

8:19 PM - You heard this in 1861? Good diet? Clean living? What's your secret to longevity?

Anonymous said...

558, no - a CID is absolutely nothing like what 533 was suggesting.

And i, as a Jackson resident THANK Rate Reeves and the Senators who stopped this piece of legislation pushed by a few rich Eastover residents and by their homeboy Senator Walter Michel. I don't want any more taxes on my overtaxed already house. I don't want a few non-elected homeowner association Nazis getting another few hundred dollars a year that they determine what new entrance gate to install, or rose bush to plant with their new piggy bank goody.

Michel has been crying over 'his bill' being killed so long and so loud that he's sounding more and more like the free taxing liberal legislater that he is. (Notice that his bill only allowed more taxes to be put on Jackson houses, after he moved to Madison County.) Michel's crying over the 'killing' of his tax hike is probably to try to hide his voting with the Democrats in the state Senate to keep the MAEP funding for schools, over the multi year effort to rewrite the formula into something reasonable.

So 558, if you believe in the CID so strongly - write a check. Pay more than your tax bill. Pass the plate among your neighbors and then spend it like you choosr. But for me, I'm glad that whoever was responsible for keeping the City of Jackson from raising my taxes did so. You want to say it was Tate, then I'll give him the credit and thank him when I get the opportunity.

Anonymous said...

I'm very familiar with CID... I lived in Buckhead and we were a CID!!! Property values increase and it's a fair deal. The city doesn't spend your money. Those in the cid do. Very different and popular. This is why they're increasing quickly nationwide. Mississippi will get one sooner than later. In the mean time study up on them.

Anonymous said...

Not sure why Kingfish dumped my original comment, since it wasn't any more provocative than others in this thread, but I really want to inform 5:33 so I hope this one goes thru.

At least one city in GA that is looking to deannex under the new state law is the proposed Eagle's Landing, which if successful would be carved out of the city of Stockbridge. I've been keeping up with this closely, as I can see how this would play out in Jackson based on the racial and economic dynamics at play.

Anonymous said...

Alot of cities fear the demographic shift that turned Atlanta into a white city more than the 70% black 15 yrs ago. Washington DC is another example. People compare Jackson to Chicago often. Chicago is only 26% black unlike Jackson. Need to look at what works economically for the other cities around country

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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).

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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.

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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.

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