Posts Tagged ‘taxes’

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 [...] [...]

State House passes inventory tax legislation

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 [...] [...]

Embattled mayor surrenders to authorities, charged with passing school bus

SOUTHAVEN — Southaven Mayor Greg Davis has surrendered to authorities after he was charged with passing a school bus in a private vehicle that displayed blue police-type lights. The Commercial Appeal reports the misdemeanor charge, stemming from an incident last week. The embattled mayor was already the target of state auditors and the FBI investigating [...] [...]

House passes tax break for newly licensed doctors

by Associated Press Published: March 27,2012

Tags: bills, doctors, health, health care, law, lawmakers, legislation, legislative, legislators, medicine, physicians, state law, tax breaks, taxes

JACKSON — Some new physicians in Mississippi could get a tax break in another effort by the state to attract more doctors. The House passed the measure yesterday, 120-1. It would allow newly licensed physicians to not pay state income taxes on income exceeding $100,000 a year. The break from the 5 percent tax rate [...] [...]

Report: Davis used campaign funds for car, treatment, credit card payments

SOUTHAVEN — Southaven Mayor Greg Davis used campaign money for a $30,000 car, treatment at an Arizona stress clinic and $75,000 in personal credit card payments. The spending, legal in Mississippi, showed up in campaign finance reports, The Commercial Appeal said. Nothing in Mississippi law forbids personal use of campaign money — a loophole that [...] [...]

Aldermen ‘chastised’ for failure to review Davis’ credit card charges

SOUTHAVEN — The Mississippi auditor’s office warned Southaven aldermen in a March 16 letter that they were running the risk of being held liable for charges made by Mayor Greg Davis if they did not immediately review the items in question. The Commercial Appeal reports Special Asst. Atty. Gen. Melissa C. Patterson chastised board members [...] [...]

House, Senate working on separate budget proposals

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 [...] [...]

Coast city officials wrestle with $600K budget deficit

by Associated Press Published: March 22,2012

Tags: aderman, aldermen, board of aldermen, budget, deficit, municipal government, taxes, taxpayers

OCEAN SPRINGS — The city of Ocean Springs is looking at possible fee increase or reductions in spending to address a projected $600,000 deficit in next year’s budget. The Mississippi Press reports City Clerk Shelly Ferguson outlined alternatives for the board of aldermen this week. The board asked Ferguson to come back in April with [...] [...]

Legislature passes first versions of budget bills

JACKSON — Mississippi legislators are starting to pass the first versions of budget bills for the year that begins July 1, but much of what they’re approving now is likely to change during the next several weeks. The House and Senate face a late-April deadline to allocate money for everything from schools to prisons. Top [...] [...]

Budget committee adds $99M to current-year budget; $130M to next year

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 [...] [...]

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