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Daily Archives: November 16, 2011

Rep. Bennie Thompson noted in 'Funds for Favors' report

A new report called “Funds for Favors” authored by Citizens for Responsibility and Ethics in Washington (CREW) asserts that heading a committee in the U.S. House of Representatives brings rewards beyond the chance to write important bills. The group found that as House members grow in power and seniority, the industries they are responsible for regulating steer more and more ...

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Judge OKs Hoods' lawsuit against oil spill fund administrator

JACKSON — A federal judge has ruled that Attorney General Jim Hoods’ lawsuit against the administrator of BP’s $20-billion oil spill fund to get access to claims filed by coastal residents will be heard in state court. Hood filed the lawsuit in Hinds County in July. The fund’s administrator, Washington lawyer Kenneth Feinberg, tried to have the case moved to ...

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Lenders to foreclose on two Tunica casinos

TUNICA — ACH, the Atlantic City casino long considered to be at the greatest risk of having to close, can breathe a bit easier. New Jersey casino regulators today approved a plan to keep the struggling casino open and save the jobs of nearly 2,000 workers. “The company, quite frankly, was running out of cash,” said Eric Matejevich, chief financial ...

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Barbour, lawmakers set FY2013 spending at $4.6B

Gov. Haley Barbour and key legislative leaders have decided the Legislature will have $4.6 billion to spend in fiscal 2013 that begins next July 1. As usually happens, the figure could change dramatically before lawmakers complete the 2012 session in May. It represents the first framework for the budget — an estimate of how much money will be available. The ...

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SECDE closes on tax credits for Resinall plant

MADISON and HATTIESBURG — SECDE Ventures, LLC has closed on New Markets Tax Credit (NMTC) financing of $18 million for construction of Resinall Mississippi’s new hydrogenated hydrocarbon resin unit at its manufacturing facility in Hattiesburg. SECDE combined $12 million of its NMTC allocation with $6 million of NMTC allocation from MuniStrategies and $15 million of bond proceeds from Mississippi Business ...

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City manager's firing stands, will get back pay

GAUTIER — The city of Gautier will pay former City Manager Sidney Runnels back pay dating from Oct. 4-Nov. 15 and grant him 12 weeks of medical leave. The Mississippi Press reports the city council also agreed Tuesday to reimburse Runnells for a nearly $1,400 insurance payment that he made after he was fired. On a 4-3 vote the city ...

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Reeves: Upcoming budget process to be 'arduous'

JACKSON — Following the Joint Legislative Budget Committee meeting yesterday, Lt. Gov.-elect Tate Reeves said lawmakers should prepare for a tough budget process when they convene. In a statement, Reeves said: “At today’s Joint Legislative Budget Committee meeting, the Revenue Estimating Committee presented a cautious and conservative revenue estimate that is indicative of the effects of the economic downturn and ...

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Minor, judges appealing judicial bribery charges

JACKSON — Former attorney Paul Minor and two former judges have appealed their convictions in a Mississippi judicial bribery case and have asked a federal court to schedule oral arguments. The 5th U.S. Circuit Court of Appeals in New Orleans has not ruled on the request. The U.S. Attorney’s Office has not yet filed a response Minor was convicted of ...

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Coast harbor expansion to get underway next month

PASS CHRISTIAN — Dredging for a $33-million harbor expansion begins Dec. 15, a year after Pass Christian received the grant to make the project possible. Yesterday, the Commission of Marine Resources voted unanimously to allow a permit for harbor modifications, the last hurdle for the project. When bids came in $4 million to $5 million too high last year, Thompson ...

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Batson dedicates new ER/trauma unit facility

JACKSON — Batson Children’s Hospital has dedicated its new Colonel Harland Sanders Children’s Emergency Department and the Selby and Richard McRae Children’s Trauma Unit, tripling the treatment area available for the state’s only Level 1 pediatric emergency and trauma center. Partially funded by individual $1-million gifts from the Colonel Harland Sanders and the Selby and Richard McRae Foundations, construction on ...

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