Jackson City Council approves $9 million loan for streets, other upgrades
JACKSON, Tenn. — The Jackson City Council voted unanimously on Tuesday to approve a $9 million loan.
“[This] will not increase our debt because we’re paying off nine million this year,” Jackson Mayor Jerry Gist said.
As of 2016, the City of Jackson was $84 million in debt.
To be clear, they aren’t adding anything to the debt, and they also aren’t taking anything away.
They have several ideas for how the money will be used.
“About $4 million of it will be used for resurfacing our streets,” Mayor Gist said. “Some will be used for equipment for the city, and part of it will be for a new city court building.”
“We can do nothing with ice on our city street,” Mayor Gist said. “We have manhole covers. The blades will knock those manhole covers off and send them into other vehicles, other people, then people run into the area.”
Mayor Gist says they won’t take the money out all at once but only as they need it.