JACKSON, Miss. (WLBT) – Interim Third-Party Manager Ted Henifin is sounding the alarm on JXN Water’s finances, weeks after his efforts to raise revenue through a rate increase were put on hold by a federal judge.
In an exclusive interview with 3 On Your Side, he says several major contractors have not been paid in months.
Meanwhile, he isn’t bringing in enough revenue to cover the city’s bond debt payment due in December, meaning Jackson could be in danger of default…