Posts Tagged ‘debt’

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 […] [...]

TROTTER: Dealing with the issues of debt

by Published: March 29,2013

Tags: bankruptcy, Business Week, debt, Ike Trotter

A couple of years back, an article in Business Week caught my attention by stating that older Americans -those identified as 55 and over, are filing for bankruptcy at a faster rate than the general population today. Even more surprising in this category would be the inclusion of those raised during the Depression and World […] [...]

Moody’s downgrades city’s bond rating

by Published: March 7,2013

Tags: bond, bond rating, borrow, city, debt, finance, loan, municipal, municipality

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 […] [...]

State House gives nod to $184M in bonds

JACKSON — House members want the state to borrow more than $184 million, mainly for new buildings at Mississippi’s community colleges and public universities. The House passed bills to borrow $120 million for universities, $25 million for community colleges and $3 million for a statewide community college headquarters. Members also agreed to borrow $5 million […] [...]

Bad money habits to break in 2013

by Published: January 11,2013

Tags: budget, budgeting, debt, money management, personal finance

Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior: No. 1 — Living without a budget. You may make enough money that […] [...]

Fitch Ratings gives TVA bonds ‘negative’ outlook

NORTH MISSISSIPPI — Fitch Ratings has assigned an “AAA” rating to the $1-billion 2012 series B Tennessee Valley Authority (TVA) global power bonds. The bonds were priced Dec. 18, 2012. Proceeds from the 2012 series B bonds will be primarily used to refinance outstanding debt. In addition Fitch awarded a parity global power bond rating […] [...]

Committee chair vows to work on bond package next session

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 […] [...]

Chickasaws moving forward on buy of riverboat casino

Vicksburg — An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg. A bankruptcy auction did not occur after Global Gaming Solutions was the only bidder to qualify. The unit of the Chickasaw Nation of Oklahoma plans to pay $27.5 million in cash and $97.5 million in […] [...]

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