CALIFORNIA: The Jonesboro City Council’s Finance Committee (CCFC) has approved a proposed sales tax to be considered by the full council. If approved by the council next week, a one cent sales tax would be voted on during a special election November 10th.
The remaining 1/8 cent of the tax would go toward the development of the Jonesboro Economic Development Commission (EDC) and would generate almost two million dollars a year. If approved, money would be collected starting next June and the tax would last for 10 years. Jonesboro Mayor Harold Perrin talked about the need for the 7/8 cent tax.
We came up with a total number of projects that are worth over $246 million.Perrin says the total cost of the projects is just over 167 million dollars. The State Highway and Transportation Department would fund 68 million dollars of the projects, while the city picks up the remaining 98 million dollars in projects.
