Opinion ID: 2495667
Heading Depth: 1
Heading Rank: 12

Heading: Horn Lake's financial ability to make the improvements and furnish municipal services promised

Text: ¶ 34. Horn Lake argues that the evidence before the trial court overwhelmingly established that the City had reasonable financial ability to deliver the services and improvements it had committed to provide the residents and property owners of the proposed annexation area. ¶ 35. This Court has considered the following factors in determining whether there is reasonable financial ability for the annexation: (1) present financial condition of the municipality; (2) sales tax revenue history; (3) recent equipment purchases; (4) the financial plan and department reports proposed for implementing and fiscally carrying out the annexation; (5) fund balances; (6) the City's bonding capacity; and (7) expected amount of revenue to be received from taxes in the annexed area. City of Winona, 879 So.2d at 981-92.