City Of Jackson Owes Estimated $3.5 Million To Schools - NewsChannel5.com | Nashville News, Weather & Sports

City Of Jackson Owes Estimated $3.5 Million To Schools

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JACKSON, Tenn. (AP) - The city of Jackson said it owes the local school system an estimated $3.5 million in unpaid liquor-by-the-drink taxes dating back to 1986.

The Jackson Sun reported state law requires 50 percent of liquor-by-the-drink taxes to go to the schools. Due to an oversight, that hasn't been happening in Jackson and some other cities around the state.

Mayor Jerry Gist said city and school officials will work through the issue, but "we're not going to write a check tomorrow."

In addition to paying what is owed, the city also has to determine how it's going to pay the current liquor-by-the-drink tax owed to the schools.

Jackson pulls in about $400,000 a year from the tax. Giving half to the schools will mean cutting about $200,000 a year from the city's budget.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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