Posts Tagged ‘revenue’

Leaders call $5B revenue estimate ‘conservative’

by Associated Press Published: November 13,2012

Tags: appropriation, budget, fund, funding, government, Politics, revenue, spending, state, tax, tax collection

JACKSON — Gov. Phil Bryant and top lawmakers say they’ve set a conservative estimate that the state can spend about $5 billion in the coming year. Bryant met yesterday with the Joint Legislative Budget Committee. They agreed on a 1.4 percent increase in the revenue estimate for the current year, which ends June 30. The [...] [...]

Utility’s earnings take big hit during third quarter

NEW ORLEANS — Entergy Corporation reported third quarter 2012 as-reported earnings of $337.1 million, or $1.89 per share, compared with $628.1 million, or $3.53 per share, for third quarter 2011. On an operational basis, Entergy’s third quarter 2012 earnings were $347.7 million, or $1.95 per share, compared with $628.1 million, or $3.53 per share, in [...] [...]

Utility reports performance hurt by election uncertainties

ATLANTA — Southern Company reported third quarter earnings of $976 million, or $1.11 a share, compared with $916 million, or $1.07 a share, for the same period a year ago. For the nine months ended Sept. 30, 2012, Southern’s earnings were $1.97 billion, or $2.26 a share, compared with $1.94 billion, or $2.27 a share, [...] [...]

City’s tax collections up; looking to lease golf course

GREENVILLE — Though there were some hiccups in revenue collections for some city departments during the 2011-12 fiscal year, Greenville ended up with about $122,000 more in collections than the previous year. Steve Osso, the city’s external financial consultant, tells The Delta Democrat Times Greenville brought in almost $15.8 million over the period compared to [...] [...]

Hurricane Isaac rained on casinos’ winnings

ACROSS MISSISSIPPI — Hurricane Isaac’s drenching rains dampened August casino revenues in Mississippi, with closings and bad weather keeping gamblers from losing as much as in August 2011. Statewide casino revenue fell 3.4 percent from last year, to $178.4 million, according to Mississippi Department of Revenue figures. In August, the 12 coastal casinos won a [...] [...]

Sales tax collections rose on Coast in July

by Associated Press Published: September 19,2012

Tags: budget, Coast, economy, retail, revenue, sales, state government, tax, tax collection, transaction, Treasury

MISSISSIPPI GULF COAST — July sales were up in most cities across South Mississippi and topped $1 million for the third straight month in Biloxi. The Sun Herald reports Mayor A.J. Holloway attributed the increases to the opening of the new Walmart Supercenter, Margaritaville Casino and Sharkheads souvenir shop since spring. The August report released [...] [...]

State revenues miss estimate due to accounting glitch

by Associated Press Published: September 10,2012

Tags: budget, collection, estimate, retail, revenue, state government, tax

JACKSON — An accounting glitch prevented state revenue collections from matching the revenue estimate for the month of August by $13.7 million. The Northeast Mississippi Daily Journal reports in July, some unnamed retailers reimbursed to the state $17.6 million more in sales tax collections than they owed, according to the revenue report produced by the [...] [...]

Sanderson Farms sees profitable third quarter

LAUREL — Sanderson Farms Inc. reported net income of $28.7 million for its fiscal third quarter, a turnaround from a loss a year ago, as improved market conditions boosted revenue 22 percent. The results beat Wall Street expectations, and its shares jumped almost 6 percent in premarket trading. The Laurel, Miss.-based chicken producer cautioned that [...] [...]

Supervisors’ proposed budget could mean higher taxes

by Associated Press Published: August 28,2012

Tags: appropriation, budget, county, funding, government, revenue, tax, tax collection, tax increase, tax rate, taxpayer

NATCHEZ — If the Adams County Board of Supervisors approves its proposed budget for fiscal year 2013, taxpayers could see their taxes go up ever so slightly. While the budget currently being considered by the supervisors kept the county millage for 2012-2013 at the same rate as the current year, the Natchez-Adams County School District’s [...] [...]

Weather, industrial sales boost TVA’s quarterly numbers

by MBJ Staff Published: August 3,2012

Tags: earnings, electricity, energy, profit, revenue, sales, utility, Weather

NORTH MISSISSIPPI — Weather and higher sales to industrial customers improved the Tennessee Valley Authority’s (TVA’s) financial performance in the three months ended June 30, the utility said today in its quarterly report to the Securities and Exchange Commission. Warm temperatures across the Tennessee Valley during the period from April through June of 2012, including [...] [...]

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