City of Jackson agenda lists budget amendment (Resolution 2026-005) to record Magnolia Bank revenue

The City of Jackson's Aug. 4, 2026 council agenda lists Resolution 2026-005, titled "A RESOLUTION AMENDING THE CITY OF JACKSON'S BUDGET FOR THE FISCAL YEAR OF 2026, TO REFLECT REVENUE FROM MAGNOLIA BANK AND CORRESPONDING EXPENSES FOR THE FIRE DEPARTMENT, POLICE DEPARTMENT, ELECTRIC DEPARTMENT, AND WATER/SEWER DEPARTMENT; TO PROVIDE AN ADOPTION DATE AND EFFECTIVE DATE; AND FOR OTHER PURPOSES." The resolution appears on the agenda as a discussion item to be considered by the council.

The agenda entry specifies four city departments — Fire, Police, Electric and Water/Sewer — as recipients of the corresponding expenses tied to the Magnolia Bank revenue, but the agenda text does not list dollar amounts, budget line items, or the proposed adoption date. The agenda places this resolution under the meeting's "Resolutions" section and references it as a distinct item for council consideration during the regular meeting.