Mayor A.J. Holloway’s hosted a breakfast for the Chamber of Commerce at The Innnovation Center and discussed Hurrican Katrina, the city budget and other relevant details of business importance.
Highlights from Holloways presentation are listed below:
- The budget in a nutshell means the city will take in about $54.8 million in revenue and pay out about $58.4 million in expenses but will close the gap.
- There are no anticipated tax increases and water bills are expected to decrease by about $60 a year for the average customer.
- The city is getting national attention for its partnership to create a greenway at the Bayou Auguste, a project the involves working with the Gulf Coast Design Studio and the Housing Authority.
- The Health Department approved work on adding a 16-inch water line that will service the Woolmarket Housing development.
- The city borrowed about 11 million dollars from FEMA’s Community Disaster Loan program at 2.7 percent interest which brings the total to $13.7 million due in December 2015. Biloxi has about $7 million set aside right now and continues to add to about $1.6 million a year expecting to pay the loan on time.
- The Kroc Center will be opening on the weekend and you will hear more about that in a few days.
Conclusively, Biloxi has dedicated a visitors center, civic center, a new library and now the Kroc center plus an interesting agenda from the local Salvation Army to be disclosed on another day; all in the last few months.
To find out more about Biloxi, Mississippi and perhaps add to the growing prosperity in the city [Click Here]
If you have a business interest, the Mayor, A.J. Holloway would welcome your call at (228) 435-6254.
The Innovation Center is a small business incubator in Biloxi, Mississippi that offers an enriching environment where sharing space, business basics and collaborative creativity cultivate ideas transforming them into reality.
For more information about the Biloxi Innovation center, [Click Here] or email [email protected]
To receive a daily copy of this column, click “subscription tab” at the top of the page. To leave a comment, scroll to the bottom of the page.
This column was prepared for publication by Hank Richards, knotmove.com writer for Huntsville, Alexandria the Gulport/Biloxi/Gulcoast Restoraton Region, Gulf Coast Political Buzz and press pool reporter for the British Petroleum Recovery Program.
To report a breaking story or to write a letter to the editor for publication, contact Hank at (256) 417-6084 or send an email to [email protected] at his website www.pronlinenews.com