Posts Tagged ‘budget’

Will lawmakers approve less borrowing for public universities?

JACKSON — The price of predictability for Mississippi’s public universities is likely to be less money to spend on capital projects in the state’s 2016 budget year. The College Board yesterday approved $710 million in bonding requests, as agencies make requests of the Legislature in advance of next year’s sessions. Lawmakers are likely to borrow […] [...]

City leaders craft cost-cutting budget with no tax increase

JACKSON — Mayor Tony Yarber and his team have devised a financial plan that he says will reduce city of Jackson spending by $110 million without any tax hike. Yarber outlined about his proposed budget with city council members yesterday. The budget is nearly a 22 percent decrease from fiscal year 2014. The total budget […] [...]

Tupelo schools adopt budget calling for raises without tax increase

TUPELO — The Tupelo School Board has adopted a budget that includes a 2 percent cost-of-living pay raise for all non-teaching staff, including principals, assistant principals, secretaries, custodians, bus drivers and maintenance workers. Teachers are already scheduled to get a raise approved by state legislators, and the school board previously approved one for assistant teachers. […] [...]

Former Gov. Musgrove pushing lawsuit to school districts

JACKSON — A group of lawyers including former Gov. Ronnie Musgrove is traveling Mississippi trying to get school districts to sign up for a lawsuit against the state seeking repayment of the $1.5 billion that the state had underfunded its K-12 school formula in recent years. Backers of a separate effort to write a full-funding […] [...]

Gunn, Reeves introduce performance-based budget plan

JACKSON — Republican legislative leaders have unveiled a plan they say boosts accountability at state agencies and spends taxpayer dollars on results. House Speaker Philip Gunn and Lt. Gov. Tate Reeves presented the performance-based budgeting plan, “Building a Better Mississippi,” with the support of members of the Joint Legislative Budget Committee, which Gunn chairs this […] [...]

Schools to ask lawmakers for a $370M budget increase

JACKSON — Mississippi’s public schools need an additional $312 million from lawmakers next year to fully fund the formula that determines how much money education is supposed to get, state education leaders said yesterday. The state Board of Education approved a 2016 budget request seeking $370 million over the $2.49 billion lawmakers allotted in the […] [...]

Biloxi council approves $29M contract for baseball stadium construction

BILOXI — The city of Biloxi has entered into a $29-million contract to build a no-frills minor league baseball stadium. Yesterday, the city council voted to give the contract to W.G. Yates & Sons. Stadium architect Leigh Jaunsen said Yates should be ready to start in a week. Bids for construction initially came in some […] [...]

State’s tax collections grew 5 percent last budget year

JACKSON — Mississippi tax collections continued growing strongly in the just-concluded budget year, posting another year of 5 percent growth and ensuring that money will be available to help improve local roads and bridges. State Department of Revenue figures show general fund tax receipts grew to a record $5.25 billion in the 2014 budget year, […] [...]

College Board to ask lawmakers for 10-plus percent budget increase

AROUND MISSISSIPPI — The College Board has voted to seek an additional $76.3 million in state funding for Mississippi’s eight public universities when the Legislature gathers next year to write the 2016 budget. That’s a 10.2 percent increase over the funding they will receive in the 2015 budget year. In the last two budgeting cycles, […] [...]

College Board postpones decision on budget increase request

JACKSON — College Board members are delaying a decision on how large a budget increase to seek from Mississippi lawmakers. The board voted yesterday to delay the decisions until June 27, saying they wanted to learn more about the large increases universities were seeking for some research units. The state’s eight public universities asked the […] [...]

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