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Tag Archives: appropriations

S&P: State in top 10 in U.S. in sales tax dependency

ACROSS MISSISSIPPI — Mississippi is one of 10 states most reliant on sales taxes as a share of revenue, according to a new Standard & Poor’s report that says that such states may be particularly susceptible to an ever-widening income gap dragging down state tax revenues. Analysts with the credit rating agency believe rising inequality is also stunting overall economic ...

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Legislators up budget estimates for 2014 and 2015

JACKSON — Top Mississippi lawmakers are increasing the estimate of how much money state government can spend this year and next. The Joint Legislative Budget Committee made the changes today after hearing that the state economy has performed well the past several months. Committee members added nearly $150 million to the estimate for fiscal 2014, which ends June 30, and ...

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Governor to lay out budget recommendations today

JACKSON — Gov. Phil Bryant is preparing to release his budget recommendations for the coming year. The Republican will hold a news conference this afternoon at the state Capitol to unveil his spending plan for fiscal 2015, which begins July 1. Last week, Bryant and legislative leaders set a revenue estimate of nearly $5.4 billion. It is based on experts’ ...

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State's tax collections come in under expectations

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 mail is opened and processed, ...

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Auditor releases annual report on costs of Legislature

JACKSON — Just like any business or state agency, the Mississippi Legislature needs supplies, staff and equipment to operate. Lawmakers need coffee to jump-start the day. From April 12, 2011 to May 3 of this year, it took $22,056 of coffee and $13,406 of bottled water to wet the whistles of legislators, staff members and just about any member of ...

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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 created MAEP, that’s the amount ...

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Auditor tells Coast city leaders to stay out of reserves

OCEAN SPRINGS — Auditors have told Ocean Springs to avoid — if they can — dipping in cash reserves in preparing a new city budget. City leaders borrowed $1.7 million from the city’s reserves last year, leaving $822,000. Auditors told the board of aldermen that good financial practices recommend a reserves balance of $2.7 million based on the city’s budget ...

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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 costs, including upkeep on post-Katrina ...

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MDA leads all state entities in travel abroad

JACKSON — The Mississippi Development Authority is far and away the state’s leader in government travel abroad. At least 57 MDA officials since fiscal year 2004 have made hundreds of trips spanning the globe, all in the name of economic development. Officials have made trips to aviation shows in France, England and Germany; to the annual blues music festival in ...

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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 employees were not offered severance ...

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