LOWNDES COUNTY, Miss. (WCBI) – Lowndes County and the county school district will soon see an increase in their bank account.
The board of supervisors approved three fee-in-lieu agreements this morning.
Two solar companies have a capital investment of three hundred million dollars combined.
The fee-in-lieu of the ad valorem taxes agreement means those companies will pay one-third of a normal tax bill as a fee.
Steel Dynamics now has a 30-year fee-in-lieu agreement.
This all means the county will get about one million a year, combined, from the agreements.
The school system will get about one point one million.