METCALFE — The town of Metcalfe has collected $100,000 from a bonding company and will use the money to pay on a tax lien imposed by the Internal Revenue Service. The town sued former mayor Shirley Allen, former town clerk Brenda Gibbs and several former and current aldermen who served between 1999-2009 to recoup money [...] [...]
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 [...] [...]
by Associated Press Published: March 28,2012
Tags: bill, inventory, Inventory tax, law, lawmakers, legislation, legislative, manufacturers, small businesses, state government, state law, tax collections, taxes
JACKSON — Businesses that pay inventory tax would get a financial break under a bill making its way through the Mississippi Legislature, where the issue has stalled in the past several years. Supporters say the plan could spur economic growth by helping small businesses keep more of their own money that they could use to [...] [...]
by Associated Press Published: March 26,2012
Tags: appropriations, bill, education, law, lawmakers, legislative, Legislature, state budget, state government, tax collections, taxes
JACKSON — The Mississippi House and Senate are working on separate budget proposals, and they would both slightly increase the funding for public schools in the coming year. There are some other differences in the ways the two chambers propose to pay for state government during the fiscal year that begins July 1. The Senate [...] [...]
by Associated Press Published: March 21,2012
Tags: appropriations, bill, budget, law, lawmakers, legislation, legislative, Legislature, revenues, state government, tax collections, taxes
JACKSON — Citing better-than-expected tax collections in recent months, Mississippi lawmakers are increasing the pool of money available for the state to spend during the current and coming budget years. The Joint Legislative Budget Committee voted yesterday to add about $99 million to the budget for the current year, which ends June 30, and about [...] [...]
METCALFE — The city of Metcalfe hopes to reach a settlement with a bonding company as part of its plan to erase a tax lien imposed by the Internal Revenue Service. The Delta Democrat Times reports aldermen this past week authorized city attorney Bennie L. Richard to settle the lawsuit. The town sued former mayor [...] [...]
JACKSON — An encouraging sign for the city of Jackson’s economy is the $256,000 rise in sales taxes in the last quarter over the same period in 2010. The numbers primarily reflect a strong holiday season for retailers, but business leaders said they’re cautiously optimistic that gains could continue into this year. “Across the retail [...] [...]
JACKSON — Lt. Gov. Tate Reeves yesterday said state revenue in fiscal year 2013 would not increase significantly, reflecting the financial difficulties Mississippi’s economy may experience in the next several fiscal years. “Economic recovery hasn’t hit Main Street, and Mississippi families and businesses continue to struggle,” Reeves said. “The economic outlook for the state reflects [...] [...]
MADISON COUNTY — Madison County supervisors are facing a projected $1.4 million deficit. The Clarion-Ledger reports the potential shortfall is not tied to the county’s general operating fund. President John Bell Crosby says the deficit is directly related to road projects in one form or another. The amount of the deficit is tied to what [...] [...]
by Associated Press Published: December 28,2011
Tags: appropriations, budget, colleges, education, healthcare, higher education, medicine, nurses, nursing, tax collections, tax revenues, taxes, universities
ACROSS MISSISSIPPI — Amid a statewide nursing shortage, hundreds of qualified applicants for nursing degrees are not being admitted to programs in Mississippi because the colleges can’t meet the demand. The Clarion-Ledger reports community colleges face the most severe admissions limitations. At East Central Community College in Decatur, for example, 485 qualified applicants submitted bids [...] [...]
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