NATCHEZ, Miss. (AP) – Natchez must make a $600,000 debt payment on July 1, but officials say cutting the check will not be a problem.
The 2006 Convention Center Refund Bond will require the sizable payment for the city’s debt on the Natchez Convention Center.
City Clerk Donnie Holloway tells The Natchez Democrat most of the funds are already in place, and the remainder is expected to come in over the next several months. Holloway said approximately $480,000 has already been collected for the payment, and Holloway expects the rest to arrive before July 1.
The money for the payment comes from sales tax through the convention center and Convention and Visitors Bureau as well as from city property taxes.