by Associated Press Published: May 15,2013
Tags: athletics, Baseball, bond, borrow, city, city council, city government, community development, construction, councilman, resolution, sports, stadium
BILOXI — The Biloxi City Council has voted 5-2 on a resolution that could lead to the borrowing of $20 million for the construction of an athletic stadium. Councilmen George Lawrence and David Fayard voted against the plan. WLOX-TV in Biloxi reports Councilman Ed Gemmill told other council members that a downtown baseball stadium would [...] [...]
by Associated Press Published: May 8,2013
Tags: board of supervisors, borrow, county, county government, economic development, employ, employee, employer, employment, incentive, job, job creation, loan, supervisor, work, worker
STARKVILLE — Oktibbeha County supervisors have passed a resolution to let the public know it will borrow $5 million when needed to support an economic development opportunity. Supervisors took the action this week at the urging of the Golden Triangle Development LINK, a local economic development group. The county would borrow the money by issuing [...] [...]
by MBJ Staff Published: March 11,2013
Tags: agriculture, bank, borrow, co-operative, farm, farmer, farming, finance, financial institution, loan, patronage
RIDGELAND — In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012 totaling more than $12 million as part of the patronage refund program. Daniel Viator, chairman of the First South board of directors, said, “This is the 18th consecutive year we’ve paid a patronage refund. Over that period of [...] [...]
NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1 to A2. City financial adviser Demery Grubbs said the move should have no effect on the city’s capacity to borrow money. He said [...] [...]
by Associated Press Published: February 25,2013
Tags: borrow, city government, community, credit, credit rating, hurricane, loan, municipal, municipality, natural disaster, reserves, Weather
GULFPORT — A credit agency has cut Gulfport’s rating by a notch. Moody’s Investors Service says the city’s cash reserves are suffering because of hurricane recovery projects the city hasn’t collected federal money for and because sales tax collections are lagging. John Kelly, Gulfport’s chief administrative officer, tells the Sun Herald the lower rating means [...] [...]
by Associated Press Published: January 7,2013
Tags: appropriation, borrow, budget, city, emergency, energy, finaces, fund, government, loan, municipal, municipality, natural gas, property, tax
OLIVE BRANCH — Olive Branch officials will borrow $1 million from the city’s natural gas fund to meet financial obligations. Mayor Sam Rikard tells the Commercial Appeal the funds would be repaid with interest once property tax collections come in. It’s not uncommon for cities to take out tax anticipation loans. Officials may borrow from [...] [...]
by Associated Press Published: November 9,2012
Tags: apprpriation, bond, borrow, building, construction, credit, debt, finance, lawmaker, legislation, legislative, legislator, loan, state government
JACKSON — The Mississippi House and Senate will try to agree on a package of long-term borrowing next year, after failing to authorize one this past spring, a top lawmaker said. Senate Finance Committee chairman Joey Fillingane, R-Sumrall, said leaders want to cover the state’s needs without creating too much bond debt. The state issues [...] [...]
by Associated Press Published: August 10,2012
Tags: alderman, athletics, board of aldermen, board of mayor, borrow, city, community development, exercise, fitness, loan, mayor, municipal government, municipality, outdoors, referendum, sporting event, sports, sports complex, tourism, tourist, visitor, vote, voter, Voting
VICKSBURG — Mayor Paul Winfield has resurrected his plan for a sports complex and wants to put it before the voters on the June 2013 ballot. The Vicksburg Post reports in a meeting last week on the budget for fiscal year 2012-13 fiscal year budget Winfield said he would introduce the issue to the three-member [...] [...]
by Associated Press Published: July 18,2012
Tags: borrow, bridge, bridge repair, construction, county government, infrastructure, loan, maintenance, road construction, roadbuilder, roadbuilding
MCCOMB — Pike County will borrow $5.5 million to work on local bridges. The Enterprise-Journal reports supervisors acted this past week after agreeing to advertise for bids to replace the bridge over the Tangipahoa River at Chatawa, work that will be paid for by bond funds. Keith Lott of Neel-Schaffer engineering firm said the expected [...] [...]
Loading ...