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Tag Archives: COST

University reports energy-savings will net more than $1M

COLUMBUS — Mississippi University for Women has reduced its energy use by 22 percent with an estimated cost avoidance of $1,024,200 over the past six years, according to the university. Lighting retrofits in Welty Hall, Hogarth Dining Center, Pohl Gymnasium and Stark Recreation Center, the replacement of two older chillers and tighter control of building energy management software are just ...

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Lawmakers to take hard look at saving money on prisons

JACKSON — Mississippi lawmakers say they want to examine sentencing, parole and corrections practices to see if the state can find ways to save money on prisons. Two state House committees — Corrections and Judiciary B — met jointly yesterday to hear from judges, prosecutors, the Parole Board chairman and the corrections commissioner. “We’re going to have to establish some ...

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FNC: Appraisal Score makes history with patent

OXFORD — FNC Inc.’s Appraisal Score has received a U.S. patent (U.S. Pat. No. 8,244,563), making it the first patented appraisal review tool, according to the technology company. “Critics of the American appraisal process say the process is broken and they’re looking to new government regulations to fix the problem. But we’ve already developed the solution — the adoption of ...

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Federal appeals panel to weigh LCD price-fixing lawsuit

NEW ORLEANS — A federal appeals panel will decide whether a Mississippi or federal court has jurisdiction over a lawsuit alleging price fixing by manufacturers of liquid crystal display screens. A panel of the 5th U.S. Circuit Court of Appeals has scheduled oral argument in New Orleans for Oct. 5. Mississippi Attorney General Jim Hood sued several major suppliers of ...

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Entergy: Isaac's costs run $400M-$500M

NEW ORLEANS — Entergy Corporation has released an update on preliminary financial effects, liquidity resources and recovery initiatives after Hurricane Isaac. Total restoration costs for the repair and/or replacement of the electrical facilities in areas with damage from Isaac are estimated to be in the range of $400 million-$500 million. Each utility company is responsible for its restoration cost obligations ...

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Study finds Jackson has lowest commercial real estate cost

JACKSON — The Building Owners and Managers Association (BOMA) International, using the results from the 2012 Experience Exchange Report (EER), has compiled a list of the most and least expensive commercial real estate city-markets in the United States. The annual report aggregates rental income and operating expense figures from the previous year; in 2011, data was gathered from more than ...

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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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RETIREMENT VERDICT — Study panel says report is prescription for sustaining state public workers’ retirement

The strategy is to structure benefits consistent with a  policy that encourages workers to stay on the job until age 62 “All the cards are on the table face up.” So went the pronouncement of Gov. Haley Barbour last week in detailing a 40-page report that calls for saving over $100 million annually in taxpayer contributions to the Public Employees ...

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Study: Mississippi spends $154 million per year on teen pregnancy

Mississippi’s teen pregnancies cost taxpayers more than $154 million annually, a new study says, the greatest losses occurring due to lost tax revenues, incarceration and foster care. The state has the highest rate of teen pregnancies nationwide, and reducing that percentage is now the top priority of the Women’s Fund of Mississippi, the group that released the study conducted by ...

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