Opinion ID: 2495667
Heading Depth: 1
Heading Rank: 15

Heading: The financial plan and department reports proposed for implementing and fiscally carrying out the annexation

Text: ¶ 40. The chancellor found that Horn Lake's services and facilities plan for the proposed annexation area contained miscalculations which reflected incorrect information regarding the assessed value of property in the proposed area of annexation and the combined city. Horn Lake argued that the miscalculations were minor, even though one of the miscalculations resulted in a $4.4 million reduction in bond capacity. Accordingly, the chancellor found the evidence untrustworthy. Further, Horn Lake's municipal finance expert was impeached and discredited on cross examination, leaving the chancellor with great concerns about Horn Lake's projections and ability to provide the necessary services promised under the facilities and services plan for the proposed annexation area. The chancellor's findings were supported by substantial, credible evidence, were well within his discretion, and were not manifestly wrong.