JACKSON — Mississippi lawmakers are moving toward negotiations on state borrowing in the 2015 budget year.
House members yesterday added $61.2 million before passing Senate Bill 2975. Representatives are seeking $30 million to allow the North Central Mississippi Regional Rail Authority to buy a rail line, $20 million to aid Tupelo’s Cooper Tire and Rubber Co. plant, $5 million to revitalize downtowns in cities with 15,000 or fewer people and $5 million to aid economic development in small cities, counties and gas districts.
House members have sought more than $400 million in various bills.
Senators passed House Bill 787 yesterday, offering to borrow $96.9 million, including $85 million for colleges and universities.
The Senate also passed House Bill 1502, which would spend $49 million from ongoing revenue for construction and repair projects.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info