County May Vote on Parks Funding

By: Associated Press
By: Associated Press

Opponents to Neshoba County's proposal to borrow $4 million to expand and renovate local parks have filed a petition to call an election. In all, a petition of 1,526 signatures was presented to the board of supervisors this week.

In October, supervisors voted to issue bonds to help renovate and expand three of the community's four parks.

Governments issue bonds to borrow money. Like a person who seeks a loan, a good credit rating affects interest rates. The county repays the bond debt over a number of years.

Supervisors sent the petition to the circuit clerk to determine if enough legal signatures were collected to call an election. Supervisors expect to hear back by their December meeting.

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