Posts Tagged ‘tax collections’

Aldermen scrap revamping of building codes due to budget woes

OCEAN SPRINGS — Aldermen have decided not to spend money for an update to the codes that govern how the city of Ocean Springs will develop. The Sun Herald reports the cost was $25,000 to hire a professional to go through the city’s zoning and other codes to make them better at protecting the city’s […] [...]

Supervisors tell department heads to cut budgets by 5 percent

GULFPORT — Harrison County supervisors have told most department heads to cut 5 percent from their budgets. The Sun Herald reports the exceptions are the sheriff’s office, which was asked to trim its budget by 2.75 percent, and the Sand Beach Department, which won’t be cut. The sheriff’s cut would be over $505,000. Supervisors basically […] [...]

State sets new tax revenue record of $5B

JACKSON — Mississippi’s tax revenues have recovered from the recession, approaching the $5-billion mark for the first time. State Department of Revenue figures show tax receipts grew 5 percent in the 2013 budget year, which ended Sunday. That’s a state record, and the first time revenues have exceeded their 2008 total of $4.83 billion since […] [...]

State’s tax collections come in under expectations

by Published: May 5,2013

Tags: appropriations, budget, economics, tax, tax collections

ACROSS MISSISSIPPI —  Mississippi tax collections were $46 million, or 8.2 percent, below the estimate for the month of April. Kathy Waterbury, a spokeswoman for the state Department of Revenue, said the majority of drop may be due to timing of receipts and processing. “We won’t know for certain until all of the income tax […] [...]

SMEPA to buy power plant; county watching with concern

BATESVILLE — South Mississippi Electric Power Association plans to buy a Batesville power plant for almost $286 million, a spokeswoman said yesterday. SMEPA spokeswoman Sara Peterson said the utility won a bankruptcy auction Monday to buy the assets of LSP Energy. Hattiesburg-based SMEPA generates and transmits power to 11 cooperatives in southern and western Mississippi. […] [...]

Public schools to ask for $320M increase to 2014 budget

JACKSON — Mississippi’s public school system will seek an additional $320 million for the 2014 budget year, according to figures released yesterday. Each year, the state Board of Education must compute the amount called for under the state’s kindergarten through grade 12 funding formula, called the Mississippi Adequate Education Program. Under the 1997 law that […] [...]

Coast city must make cuts; facing multi-million-dollar deficit

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 […] [...]

Valley State laying off staff due to state budget cuts

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 […] [...]

Capital City residents to pay more taxes to support schools

JACKSON — Jackson residents will soon pay more in taxes supporting the city’s school district. When 81 percent of voters in 2006 approved a $150 million bond issue to build more schools and improve others, it meant they were willing to have property taxes raised to pay that debt. But city leaders didn’t raise taxes […] [...]

State tax collections exceed forecast, but agencies still face budget cuts

ACROSS MISSISSIPPI — Mississippi tax collections are up, but lawmakers say state agencies still might face budget cuts during the 2013 session. Because of a sluggish economy, Mississippi still hasn’t recovered from the Great Recession. Tax collections remain below where they were during the fiscal year that ended June 30, 2008. The Northeast Mississippi Daily […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments