Posts Tagged ‘rainy day fund’

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, […] [...]

Mayor proposes using rainy day money for city’s debt

TUPELO — Mayor Jason Shelton wants to use about $5 million from the city’s rainy day fund to pay off part of its $30 million in bonds. That could save up to $825,000 in interest over seven years, freeing up cash for big capital items such as fire trucks or tornado sirens, he told The […] [...]

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