Posts Tagged ‘debt’

Fitch rates Forrest Health ‘A’; outlook is negative

HATTIESBURG — Fitch Ratings has affirmed the ‘A’ rating on Forrest Health, Miss.’s (FH) outstanding debt, listed at the end of this release. The Rating Outlook remains “negative.” SECURITY Debt payments are secured by a pledge of the gross revenues of the obligated group. KEY RATING DRIVERS WEAK OPERATING PERFORMANCE: The maintenance of the Negative […] [...]

Officials mull bond issue for road enhancements

SOUTHAVEN — The widening of Getwell Road to five lanes and extending Swinnea Road are two of the road improvements for which Southaven is looking at issuing $9.5 million in general obligation bonds. The Commercial Appeal reports the Board of Aldermen will consider a resolution expressing the intent of the city to issue bonds not […] [...]

UMMC to lease hospital; take on long-term debt

GRENADA — The University of Mississippi Medical Center plans to lease Grenada-Lake Medical Center for at least 20 years, paying for the lease by taking on the hospital’s $35 million in long-term debt. The College Board’s Finance Committee discussed the plan in a closed session today and the board is expected to vote tomorrow. The […] [...]

City holding more than quarter-million-dollar debt for yard work

VICKSBURG — The City of Vicksburg has $286,370 in uncollected debt on its books that some city officials say it might never fully recover. It’s money the city says 143 property owners owe for cutting, cleaning, clearing, and, in some cases, removing buildings from 238 parcels between 2009 and May. The State of Mississippi owns […] [...]

New mayor: City ‘is in serious trouble’

ITTA BENA, Miss. (AP) — Thelma Collins becomes mayor of the town of Itta Bena on July 1. Along with the job, she inherits a $500,000 debt. “The city of Itta Bena is in serious trouble,” Collins told the Greenwood Commonwealth. If the issues are not resolved, she said, “all of us will be shut […] [...]

Supervisors vote to add yet another bond issue

MERIDIAN — As Lauderdale County officials prepare to pay off one bond issue, supervisors voted this week to add another $14 million bond issue for city and county recreation projects, as well as courthouse renovations. Before the board of supervisors’ action this week, there were 11 outstanding bond issues currently being paid for in the […] [...]

Opponents of recreational bonds fail to get needed signatures

MERIDIAN — Opponents to a $14-million bond issue in Lauderdale County have fallen short of their goal to force a countywide election on the proposal. The Meridian Star reports the county circuit clerk completed the process of verifying signatures on a petition Wednesday. Circuit Clerk Donna Jill Johnson says there were 1,338 valid signatures that […] [...]

Schools want tax money; district in near $1M hole

NATCHEZ — The Natchez-Adams School District may ask taxpayers for more money next year. “The question now is how much and not if,” school board President Wayne Barnett said. “When (Superintendent Frederick) Hill looks at you and says, ‘I’ve cut all I can cut without affecting the quality of education,’ you have to listen to […] [...]

Real estate firm sees earnings, revenue rise while debt falls

JACKSON — EastGroup Properties’ profit rose in the first quarter as revenues rose and debt payments fell. The real estate investment trust said quarterly profit rose 32 percent to $7.2 million, or 24 cents per share in the three months ended March 31. That’s up from $5.4 million, or 19 cents per share, in 2012′s […] [...]

Legislators comfortable with nearly $200M bond package

JACKSON — Top Mississippi lawmakers say they’ve agreed on a bond package of about $200 million for the coming year. Senate Finance Committee chairman Joey Fillingane says that includes about $96 million to be divided among the eight universities, including the University of Mississippi Medical Center. The package also has about $25 million for community […] [...]

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