by Associated Press Published: September 18,2012
Tags: cost of living, economist, economy, employee, employment, job, recession, stater revenue, tax, tax collection, work, worker
JACKSON — State economist Darrin Webb says Mississippi probably slipped into recession between April and June during the 2nd quarter of 2012. Because of weak jobs numbers and other factors, he expects it to remain there in the 3rd quarter, which ends this month. But he said it could improve in the final three months [...] [...]
by MBJ Staff Published: August 30,2012
Tags: economy, home, house, market, price, real estate, recession, residence, resident, residential
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continue to gain traction amid signs of slower economic growth and a stagnant labor market. Home prices rose again in June for the fourth consecutive month. Nationwide, June home prices — based on recorded sales of non-distressed properties (existing and new [...] [...]
by Associated Press Published: July 19,2012
Tags: appropriations, budget, budget cuts, city, cut, economy, funding, funds, municipal government, municipality, property tax, recession, Sales Tax, tax, tax collections
GULFPORT — Gulfport city officials are being told they are going to have to make millions of dollars in spending cuts. Gulfport is on track to end this fiscal year with a $1 million deficit that could climb to $4 million in 2013, finance director Mike Necaise said. The problems include revenue shortfalls and increased [...] [...]
PEARL RIVER COUNTY — New furloughs in Pearl River County will affect all county employees, including department heads and administrators. The Picayune Item reports the board of supervisors also cut spending, including $50,000 to the library system was free up money in the budget. On June 11, the board of supervisors froze hiring and the [...] [...]
by Associated Press Published: June 27,2012
Tags: budget, education, elementary education, elementary school, high school, junior high school, learn, learning, public education, public school, recession, school, school district, secondary education, student, tax, tax collection, taxpayer, teach, teacher, teaching
HATTIESBURG — The Forrest County School District will not request a millage increase for 2012-13, but will instead use money from its reserve fund to pay for extra expenses in its budget. The Hattiesburg American reports the school district’s budget for the upcoming school year is $24.9 million, up from last year’s budget of $23.9 [...] [...]
by Associated Press Published: June 14,2012
Tags: appropriations, budget, colleges, education, higher education, layoff, recession, revenues, Staff, state budget, tax collections, unemployment, universities
ITTA BENA — Mississippi Valley State University is laying off about 4 percent of its staff as a response to continued state budget cuts. Spokeswoman TaRessa Stoval tells The Greenwood Commonwealth the 21 employees being laid off include clerical personnel, service personnel and mid-level managers. The cuts take effect June 30. She says the affected [...] [...]
Mississippi dipped back into recession in 2011, with overall economic output shrinking 0.8 percent, according to federal figures released last Tuesday. The Magnolia State was one of only six states where the economy contracted in 2011, along with Alabama, Hawaii, Maine, New Jersey and Wyoming, the U.S. Bureau of Economic Analysis reported. Senior economist Marianne [...] [...]
by Associated Press Published: May 4,2012
Tags: casinos, construction, Conventions, economy, entertainment, gamblers, gambling, gaming, hospitality, hotels, lodging, meetings, recession, restaurants, tourism, tourists, visitors
BILOXI — Casino operator Caesars Entertainment Corp. says it won’t continue construction of the unfinished casino on the beach in Biloxi, Miss. The company took a $167.5 million non-cash impairment charge on the project, writing off the money spent on the casino before stopping work in 2008. Caesars spokesman Gary Thompson tells the Sun Herald [...] [...]
by MBJ Staff Published: April 30,2012
Tags: consumer confidence, economy, employment, forecast, jobs, outlook, prediction, recession, unemployment, work, workers
ACROSS MISSISSIPPI — The April 2012 issue of the Mississippi Economic Outlook, a quarterly publication replacing the bi-annual Mississippi Economic Review and Outlook, is now available online at www.mississippi.edu/URC. Published by the Center for Policy Research and Planning of the Institutions of Higher Learning (IHL), the Outlook presents the state economic forecast for 2012 to [...] [...]
by MBJ Staff Published: April 30,2012
Tags: economy, home prices, homeowners, homes, houses, real estate, recession, residences, residential real estate, residents
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...] [...]
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