Posts Tagged ‘finances’

Supervisors unclear on Singing River’s financial, pension issues

PASCAGOULA — After meeting with officials with Singing River Health System yesterday, Jackson County supervisors are still unclear about financial and pension funding problems. “We are taking all the steps we need to do to gather all the information to find out what happened, why it happened and to make sure this type of problem […] [...]

JOHN SCOTT: Tax code, meet today’s reality

by Published: April 7,2014

Tags: Business, column, finances, Mississippi, taxes

As springtime blooms and a seemingly never-ending winter fades, a noteworthy but broadly overlooked set of tax proposals was released by the House Ways and Means Committee in Washington. These serve as an opening bid on how Republicans view the future of the Internal Revenue Code. They are interesting as much for what they say […] [...]

DOR: State’s general fund stands to lose more than $100 million annually through the new tax apportionment rules

by Published: April 7,2014

Tags: Business, finances, government, Mississippi, money, Politics, taxes

A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday morning. Legislators also put limits on the DOR’s authority to demand multistate companies provide combined tax returns. The DOR has insisted on […] [...]

TARP recedes into banking history as all but two Mississippi banks have repaid rescue money

by Published: February 7,2014

Tags: banking, Business, finances, Mississippi, TARP

All but two Mississippi banks — both identified as small community lending institutions — have repaid the emergency capital received through the Treasury Department’s Troubled Asset Relief Program, or TARP. By shedding their TARP debt, Mississippi’s banks avoid a hardball provision of the loan program that requires institutions yet to fully repay the taxpayer-provided funds […] [...]

Listening sessions scheduled as board looks for new ASU president

LORMAN — Members of the Board Search Committee appointed by College Board president Aubrey Patterson to lead the search for the next president of Alcorn State University will hear from constituency groups in Campus Listening Sessions Feb. 19. The discussions will center on the qualities and qualifications stakeholders believe the next institutional executive officer should […] [...]

Legal fees can grow quickly for cities

by Published: January 10,2014

Tags: finances, lawyers, Mississippi, money, Ocean Springs, taxes, Tupelo

With attorneys commonly charging $100 to $150 per hour, it can take a big bite out of a city’s finances for legal fees, especially for cities that have been involved in annexation battles. In the 2013 calendar year, the City of Biloxi paid $581,741 to one law firm, Page, Mannino, Peresich & McDermott, PLLC. Biloxi […] [...]

Audit finds problems with county’s accounting system

FAYETTE — An audit of Jefferson County’s fiscal year 2012 showed the county had unpaid interfund loans and cash accounts of more than $70,000 that were not recorded in the county’s central accounting system. In the audit, released yesterday, The Natchez Democrat reports auditors found the county had interfund loans that were outstanding after more […] [...]

Alcorn president resigns as investigation continues

Above is former Alcorn State University President M. Christopher Brown II’s interview with the Mississippi Business Journal earlier this year … LORMAN — Alcorn State University President M. Christopher Brown II has resigned amid an investigation into university purchasing practices. The resignation was announced yesterday by Higher Education Commissioner Hank Bounds. Brown did not immediately […] [...]

S&P gives city ‘AA-‘ long-term debt rating

SOUTHAVEN — For the third year, Standard and Poor has assigned the city of Southaven an “AA-” long term rating. The Commercial Appeal reports the rating service cited the city’s financial standing as stable and positive. In its recent report issued on Nov. 18, Standard & Poor noted Southaven’s strong economy, budgetary performance and liquidity […] [...]

Alcorn’s finances being investigated; CFO resigns

LORMAN — Alcorn State University’s chief financial officer has resigned amid an investigation of alleged financial problems at the school. Mississippi Higher Education Commissioner Hank Bounds tells The Natchez Democrat that Betty Roberts resigned yesterday. Bounds says in a statement that his office has received reports of financial discrepancies and the College Boards staff is […] [...]

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