Education Foundation talks finances

JACKSON, Tenn. — The Jackson-Madison County Education Foundation held a meeting Tuesday afternoon, and the biggest topic of discussion was finances.

The foundation has come back together after a few years of inactivity, and now there are some finances needed.

In May of 2022, the foundation received $500,000 from the City of Jackson past funds from 2021.

In June they received $500,000 from Dr. Marlon King’s fund balance.

In October they received another $500,000 from the city’s sales tax from fiscal year 2021-22.

The president of the education foundation says the problem arises because, as of now, they haven’t received the sales tax from the Madison County fiscal year 2021-22.

The foundation plans to hold the county accountable for these funds so that they can continue their duties for the foundation.

For more news in the Jackson area, click here.

Categories: Local News, Madison County, News, Video