Pontotoc advertising proposed budget, final vote set Sept. 15

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At last week’s Pontotoc Aldermen meeting the board approved a motion to publicly advertise the city’s proposed budget for fiscal year 2021.The 2020-2021 budget totals $15,640,993.00 and the board is expected to give final approval at the board’s next meeting on September 15.Pontotoc Mayor Bob Peeples told the board Tuesday (Sept. 1.) night that the 2021 budget is conservative.“With the coronavirus that is still ongoing we have been very concerned these past five months how it would affect the city’s revenues in terms of tourism and sales tax collections but it has held up very well,” Peeples said.“Sales tax collections have held true with what was budgeted for this year’s operation and the recent annexation approval will certainly help increase sales tax collections for the 2021 fiscal year.”“Tourism tax collections are above projections by an estimated 15 percent,” Peeples noted. “We budgeted $423,735 for tourism taxes this year and through 11 months we’ve already received $444,552, so that’s been great.”“The city of Pontotoc is currently experiencing really good momentum in terms of growth. Checker’s Restaurant is opening soon and Jack’s Restaurant is coming soon. Plus we’ve got another restaurant, Lulu’s Steak House, that …

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