The Warren County Board of Supervisors on Monday expanded its tax abatement ordinance to incentivize historic preservation and financial commitment in Vicksburg’s central business district for new residential structures.
Formerly, will increase in home values ended up suitable for county tax abatements for industrial buildings as well as residential rehabilitation, while the city of Vicksburg authorized for abatements of equally new and renovated industrial and residential structures.
The policies are now consistent for the two metropolis and county assets tax abatements.
The board voted 3 to 2 to grow the tax abatement ordinance with District 3 Supervisor Shawn Jackson, who serves as the board vice-president and District 2 Supervisor William Banks dissenting.
Prior to the vote, a general public forum was held where Vicksburg Mayor George Flaggs, Jr. encouraged the supervisors to amend their tax abatement ordinance for the central enterprise district and the historic preservation district.
Flaggs, who was in the Mississippi legislature for 20 decades, mentioned the city’s tax abatement was put in put with the intent to assistance historical districts in urban and municipal areas.
“This is for new development and is to deliver incentives for individuals heading in blighted places to produce new building regardless of whether it be residential or commercial so you can increase the district and incorporate benefit to the district,” Flaggs stated. “It was offered to the municipal urban region because that is in which we regarded blight.”
Flaggs also explained amending the tax abatement purchase would be constructive for all.
“It’s great for the city, it’s superior for the county and it’s superior for the point out due to the fact it spurs new advancement –residential progress and industrial growth in just the urban locations and inner-city places of the condition,” he reported.
Pursuing the mayor’s remarks, Jackson tackled the board, building the case for not only amending the tax abatement for the historic preservation and central business districts but to all regions.
“I feel Warren County skipped the mark on this one particular, the town missed the mark main with it,” Jackson claimed. “This privilege that is made available to these two spots can and need to straight away be available across the whole town of Vicksburg.”
District 4 Supervisor Dr. Jeff Holland, who serves as board president and who cast the choosing vote, claimed, in the upcoming, he would like to investigate added alternatives to expand the tax abatement, but for now he is happy the ordinance was amended.
“It’s a good detail for the local community,” Holland explained. “It is crucial for the city and county to be in lockstep on that and now the county matches what the town has,” he stated.