Tennessee Comptroller Jason Mumpower told CNN in a statement that the agreement is a “significant step in restoring the town’s financial health.”
The leaders of the town, with a population of less than 1,500, 72% of whom are Black, thought the state was only getting involved in the town’s finances because of the planned 2025 opening of $ 5.8 billion Ford plant about 10 miles away from Mason.
The town’s officials said Mason’s financial issues were a result of previous leadership’s financial mismanagement and the current leadership had been working to restore stability to the towns finances.
Van Turner, the president of the NAACP Memphis branch, was hopeful about the agreement with the state and said as long as there are open lines of communication the necessary steps will happen.
“We have a lot of measures in place, checks and balances in place to make sure that this is a successful agreement,’ hy het gesê.
CNN has reached out to Mason officials for further comment.