Posts Tagged ‘tax revenue’

Lawmakers could rethink law on delinquent taxes

JACKSON — State law currently requires the Mississippi Department of Revenue to garnish 100 percent of the wages of a government official or employee should that person become delinquent in paying taxes. Going back to September 2011, a legislative watchdog group recommended the law be changed to allow garnishment of 25 percent to 100 percent […] [...]

Section 42 ruling to impact tax collections on Coast

MISSISSIPPI GULF COAST — A recent state Supreme Court ruling is expected to cost Coast counties, cities and schools more than $6 million in tax revenue. That’s according to Mississippi Coast tax assessors. The ruling pertains to how counties calculate the value of Section 42 or federally subsidized tax-credit housing for tax purposes. The Sun […] [...]

State’s tax collections come in well over outlook

ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago. The estimate — made by legislative leaders upon advice of the state’s […] [...]

Supervisors vote in 2.5-mill tax increase to cover budget

MADISON COUNTY — For the second time this month, The Clarion-Ledger reports Madison County supervisors approved a tax increase to fund next year’s budget, despite protests from residents who urged officials to live within their means. The Board of Supervisors voted 3-2 in a special meeting yesterday to approve an increase in the tax levy […] [...]

Public universities asking for an additional $72.4M

AROUND MISSISSIPPI — Mississippi’s eight public universities want an additional $72.4 million in budget year that starts in July 2014. Higher Education Commissioner Hank Bounds told the College Board the schools need money to increase faculty salaries and cover pension contributions. State money to universities will fall $32 million to $670 million in the 2013 […] [...]

Officials lobbying School Board for tax increase to meet budget

PURVIS — The Lamar County School District is asking for a millage increase to balance its budget for the 2012-13 school year. The Hattiesburg American reports Superintendent Ben Burnett and district CFO Jennifer Hession presented the proposed budget to the Lamar County School Board yesterday. The school district’s proposed budget is $77.8 million, up from […] [...]

Tax dispute could end up where it began

by Published: June 27,2011

Tags: tax revenue

The fight over ad valorem tax revenue in Pascagoula and Jackson County could come full circle next legislative session if the Mississippi Supreme Court rules against the Pascagoula School District. The court heard oral arguments June 13 in a dispute between the school district and the county over the distribution of ad valorem tax revenue […] [...]

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