Mississippi Business Journal » money

Audit finds circuit clerk owes more money

Associated Press — Sun, 12 May 2013 20:09:37 +0000

VICKSBURG — An unfinished 2012 audit of Warren County says Circuit Clerk Shelly Ashley-Palmertree owes the county more than previously thought and supervisors will ask for payback this week. The Vicksburg Post reports the five-member board will meet in special session to demand the clerk repay fees beyond the state-set cap for fee-based public officials. “We’re [...]

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TROTTER: Spenders and savers are linked by asset conservation

Ike Trotter — Fri, 03 May 2013 20:44:18 +0000

For this article, we will discuss those areas of estate and financial planning for the age group I will refer as “age 50 and older.” Obviously, we’re dealing with a wide age span for people in this group that pairs those of the World War II generation along with the Baby Boomer generation that followed [...]

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Board approves new funding scheme for state universities

Associated Press — Fri, 19 Apr 2013 11:10:33 +0000

AROUND MISSISSIPPI — Mississippi University for Women, the University of Mississippi and Alcorn State University will get financial boosts under a new formula to distribute state money among Mississippi’s eight public universities. The College Board approved the formula yesterday without amendments, although some members had objected in a recent committee meeting to funding levels for [...]

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Former bank CEO pleads guilty to fraud, money laundering

Associated Press — Tue, 16 Apr 2013 11:41:43 +0000

BUDE — A former bank executive has pleaded guilty to bank fraud and money laundering. U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen said Larry Barnette Hill, 58, of Meadville, entered the plea in federal court in Jackson. Hill served as CEO of People’s Bank of the South in Bude. [...]

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Committee raises spending ceiling on state budget

Associated Press — Fri, 22 Mar 2013 12:02:29 +0000

JACKSON — Mississippi lawmakers are giving themselves a bit more wiggle room in writing a budget for the coming year. The Joint Legislative Budget Committee met yesterday and voted to add $97 million to the estimate of how much money the state can spend during fiscal 2014, which starts July 1. The estimate is now [...]

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Ex-school, city employee gets prison time for embezzlement

Associated Press — Fri, 22 Feb 2013 13:56:50 +0000

MEADVILLE — A 52-year-old Roxie woman has been sentenced to three years in prison for embezzling money while she was employed by the Franklin County School District and the Town of Roxie. The Natchez Democrat reports Circuit Court Judge Forrest “Al” Johnson sentenced Ramona Mullins to serve nine years, with six years suspended, followed by [...]

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Mayor’s civil trial continued, but judge urging settlement

Associated Press — Wed, 30 Jan 2013 13:04:31 +0000

SOUTHAVEN — Mayor Greg Davis’ civil trial in Jackson has been continued until May, but there are discussions that the judge in the case has urged both sides to settle the matter before then. At the end of yesterday’s hearing, The Commercial Appeal reports a Hinds County chancellor called attorneys for both sides into his [...]

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Nonprofit might drop program due to mail scam

Associated Press — Fri, 25 Jan 2013 13:45:01 +0000

JACKSON — Stewpot Community Services and U.S. Postal Service investigators suspect that as much as $100,000 in missing donations were stolen from the charity in a mail fraud scheme over the holidays. Executive director Frank Spencer said Stewpot noticed donations were down sharply between Nov. 27 and Dec. 17 compared to the same period in [...]

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State House passes payday-lending bill despite objections

Associated Press — Fri, 25 Jan 2013 13:24:27 +0000

JACKSON — The Mississippi House has voted to let payday lending businesses keep operating in the state beyond 2015, despite objections by some lawmakers that the shops congregate in poor neighborhoods and take advantage of people who might not be financially savvy. Supporters say the businesses provide easy access to cash for people who might [...]

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County not banking much on revenue from casinos

Associated Press — Mon, 07 Jan 2013 13:25:53 +0000

NATCHEZ — Adams County officials are being careful not to count too heavily on gambling revenue in 2013, despite the opening of a new casino. The Natchez Democrat reports the county has only budgeted for an additional $95,000 in gambling revenue for fiscal year 2013. For the fiscal year that ended in September 2012, a [...]

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