Posts Tagged ‘recession’

State’s joblessness rate falls to single digits, lowest since July 2009

ACROSS MISSISSIPPI — Mississippi’s unemployment rate fell to 9.5 percent in February, the lowest level since July 2009. Jobless figures for January had first appeared to dip to 9.9 percent in preliminary numbers, but later were revised up to 10 percent. The state recorded a 10.2 percent unemployment rate in February 2011. The number of [...] [...]

Gov. Bryant revises his proposed state budget

by Associated Press Published: March 28,2012

Tags: appropriations, budget, economy, executive, governor, recession, revenues, spending, state government, tax collections, taxes

JACKSON — Gov. Phil Bryant is revising his state budget for the year that begins July 1. In his new plan, released yesterday, the Republican no longer asks local school districts to dig into their own financial reserves to offset state funding cuts. Instead, he proposes giving elementary and secondary schools, community colleges and universities [...] [...]

Report: State’s foreclosure rate fell in 2011

ACROSS MISSISSIPPI — The pace of home foreclosures in Mississippi slowed substantially in 2011, following a national trend that may soon be reversed, a national foreclosure tracking firm said yesterday. Irvine, Calif.-based RealtyTrac said that in 2011, 3,172 homes in the state were hit by some sort of foreclosure action. Those range from an initial [...] [...]

UMMC letting go 115 workers, cites weak demand

by MBJ Staff Published: January 5,2012

Tags: demand, economy, employees, firings, health, healthcare, hospitals, lay offs, medicine, payroll, recession, workers

JACKSON — The University of Mississippi Medical Center is reducing the size of its workforce by approximately 115 employees. Coupled with a decision to not fill 90 vacant positions, the UMMC workforce will be about 2 percent smaller than it was at the end of 2011, according to Dr. James E. Keeton, vice chancellor for [...] [...]

MBJ EDITORIAL: Big questions for Kemper County coal plant come down to who knew what and when

by MBJ Staff Published: December 15,2011

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In May of 2010 we wrote, “For better or worse, the economic future for the next 40 years in southeastern Mississippi will be greatly impacted by the decision of Public Service Commissioner Leonard Bentz. “ Justices with the Mississippi Supreme Court may be asking now how he came to his decision when he changed his [...] [...]

Former Gov. Bill Waller dies

JACKSON — Former Mississippi Gov. William Waller Sr., 85, died Wednesday. On Tuesday Waller was admitted to St. Dominic Hospital in Jackson, his law office confirmed. Waller served as governor from 1972-76 — a time when Mississippi governors were limited to one term. He ran unsuccessfully for the state’s highest office in 1967, but went [...] [...]

MBJ EDITORIAL: Rate increase of 11.35 percent just the beginning in regard to Kemper

by MBJ Staff Published: November 17,2011

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It was only a matter of time before Mississippi Power Company started raising the rates on its customers to pay for the $2.88 billion Kemper County coal plant. So, last week MPC filed documents with state regulators — the Public Service Commission — for a requested rate increase of 11.35 percent. The Commission has the [...] [...]

Barbour, lawmakers set FY2013 spending at $4.6B

by Associated Press Published: November 16,2011

Tags: budget, economy, Politics, recession, revenues, spending, state government, tax collections, taxes

Gov. Haley Barbour and key legislative leaders have decided the Legislature will have $4.6 billion to spend in fiscal 2013 that begins next July 1. As usually happens, the figure could change dramatically before lawmakers complete the 2012 session in May. It represents the first framework for the budget — an estimate of how much [...] [...]

Supreme court will hear Kemper Coal Plant arguments

The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant. Oral arguments are scheduled for Dec. 14. The suit was filed and heard in Harrison County [...] [...]

MBJ Editorial: Gov. Barbour shows thoughtful leadership on Initiative 26

Gov. Haley Barbour’s comments last week that he has concerns over ballot Initiative 26 that seeks to define a “person” in state law should be all we need to hear as we go to the polls this week. There is no question where Barbour stands on abortion as a conservative Republican who was on the [...] [...]

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