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<\/a> Supervisor Kevin Wilson<\/figure>\n\u201cIf you take an average of four percent interest, we are paying about $540,000 a year in interest alone on that debt, without touching a cent of the principal. That\u2019s $45,000 a month in interest we are throwing in the trashcan. That\u2019s $1,500 a day. Just interest. That does not include the principal at all,\u201d Wilson said.<\/p>\n
Adams County received approximately $5.9 million in ARPA funds. Some supervisors have balked at Wilson\u2019s idea, saying they want to spend that money on something the public will recognize 10 years from now.<\/p>\n
\u201cIf you pay down debt, you\u2019re not going to see this money. It\u2019s gone,\u201d said District 2 Supervisor Angela Hutchins at an October meeting. \u201cOther counties did things they would be able to see 10 years from now. We won\u2019t be able to see any of it.\u201d<\/p>\n
At that same meeting, District 4 Supervisor Ricky Gray said he\u2019s not opposed to using some of the ARPA funds to pay down the county\u2019s debt, but not all of it.<\/p>\n
\u201cWe can use some of the money to pay down some debt and use some of the money on something that we can see for the next 10 to 15 years,\u201d Gray said at the October meeting.<\/p>\n
Wilson said using the money on anything other than paying down debt is a disservice to the people in Adams County who pay taxes. I\u2019m looking at this from my point of view, which is from a business standpoint. That\u2019s bad business.\u201d<\/p>\n
Wilson has spent most of his adult life in the oil business, beginning at the very bottom rung and working his way up. He owns Black Jack Oil and a number of other diversified companies and is heavily invested in real estate. Wilson is Mississippi\u2019s largest independent oil producer.<\/p>\n
\u201cThe county has just been given this lagniappe of $6 million. This is a once-in-a-lifetime windfall for the county. Why wouldn\u2019t you pay down the county\u2019s debt with it,\u201d he asked.<\/p>\n
In the long run, paying down the county\u2019s debt will free up funds for the general fund.<\/p>\n
\u201cI don\u2019t want to be the supervisor who has to tell the taxpayers that we are going to raise your taxes because we spent all your money and need more,\u201d Wilson said. \u201cI don\u2019t believe that\u2019s how it should work. This county needs to run more like a business. You just don\u2019t keep going back to taxpayers and saying, \u2018Hey, we want more money because we need to buy more stuff.\u2019 \u201d<\/p>\n
Supervisors have not decided on how to spend the $5.9 million in ARPA funds, though discussions have made it clear if any shortfall is needed to complete the Morgantown Road project funds could come from the ARPA funding. That said, recent grant funds should be enough to complete Morgantown Road without having to use ARPA funding.<\/p>\n
\u201cThe county has done a poor job of managing the people\u2019s money. Not necessarily this board. It\u2019s been going on for 40 years. Just like the national debt keeps growing, somebody will have to pay those bills.<\/p>\n
\u201cThis is a once-in-a-lifetime opportunity to have the money to pay down debt. At your house, if you were in debt, you don\u2019t go out and buy a boat just because you got a $10,000 tax refund. You pay that debt first.<\/p>\n
\u201cI believe that as supervisors, we were elected to take care of the taxpayers who elected each of us. We were elected to be stewards of their money and use it in the best interest of all of them. Anything less is a slap in the face to these taxpayers,\u201d Wilson said.<\/p>\n
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<\/dt>\n![\"\"](\"https:\/\/www.natchezdemocrat.com\/wp-content\/uploads\/sites\/8\/2019\/11\/KevinWilson-WEB.jpg\")
<\/a> Supervisor Kevin Wilson<\/figure>\n