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Tag Archives: economy

House panel approves small bump in sales tax money to cities

JACKSON — Mississippi’s nearly 300 cities and towns could get a little more sales tax money under a proposal lawmakers are considering. House Bill 1110 was passed Tuesday by the House Ways and Means Committee and appears headed to the full House. Right now, cities get 18.5 percent of the 7-cent cent sales tax collected inside their boundaries. The bill ...

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Miss. economy growing, but slower than region and nation

JACKSON — An expert says Mississippi’s economy is growing but still lags behind regional and national recovery from the Great Recession. State economist Darrin Webb told legislators Thursday that there are reasons for optimism. He says plummeting gasoline prices are especially helpful to consumers in low-income states like Mississippi. Webb says the number of unemployment claims in the state decreased ...

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MDA’s Christensen forecasts economic growth momentum continuing in 2015

Mississippi Development Authority Executive Director Brent Christensen foresees 2015 being a year when the state builds upon the strengthening economic activity of both the state and the nation in the past year. “As the national economy continues to rebound and strengthen, that momentum will continue to carry over,” Christensen said. “Companies are increasingly seeking new locations to expand as a ...

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Both sides in school funding suit seek ruling

JACKSON — Both sides in a lawsuit over state funding for local school districts in Mississippi are asking a judge to rule in their favor without having a full trial in the case. Twenty-one school districts represented by former Gov. Ronnie Musgrove are seeking summary judgment, while Attorney General Jim Hood earlier asked that the case be dismissed. Musgrove filed ...

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More than 600 Lamar teachers get 1st merit pay checks

HATTIESBURG — More than 600 of Lamar County’s teachers qualified for the district’s first round of merit pay, says Chris Wooten, human resources director for the county school district. Qualification for the second round will be tougher, so fewer teachers probably will qualify, he told The Hattiesburg American (http://hatne.ws/1rti0Uj ). He said 90 percent to 95 percent of the district’s ...

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Legislators expect a 3 percent spending increase next year

JACKSON — Top Mississippi lawmakers said yesterday they expect a 3 percent increase in state spending during the coming year, reflecting a prediction of modest growth in the state economy. That’s stronger than the 1.1 percent revenue growth rate for the current year over last year, but weaker than the roughly 5.5 percent growth during each of the two previous ...

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Exit polls: Voters dissatisfied with Obama administration, economy

ACROSS MISSISSIPPI — Republican Thad Cochran, in winning a seventh term in the U.S. Senate, fared well among those who disapproved of President Barack Obama’s performance and who felt the economy has been getting worse, according to final results of exit polling conducted for The Associated Press and television networks. Cochran surmounted a bitter GOP primary against tea party favorite ...

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Economist: State's economy expanding, but jobs are not

ACROSS MISSISSIPPI — The state’s economy is gradually growing stronger, but the state still has 44,000 fewer jobs now than it did before the recession, state economist Darrin Webb told legislative budget writers Friday. Employment numbers in the state have been up in some months and down in others. “What you see is sort of sputtering growth in employment,” Webb ...

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Commerce Department: Some metro area economies grew faster than others

ACROSS MISSISSIPPI — The economy along Mississippi’s Gulf Coast grew rapidly in 2013, while growth slowed in the state’s other metropolitan areas. The figures, released by the U.S. Commerce Department, show that gross domestic product expanded by 4 percent in the Gulfport-Biloxi-Pascagoula metropolitan area in 2013. That’s a big pickup from 0.1 percent growth in 2012. Growth in the Hattiesburg ...

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Casual dining is an economic indicator

How’s an area’s economy doing? Just check the traffic at casual dining restaurants such as Outback, Longhorn, Logan’s and Olive Garden. J&R Restaurant Group’s sales at its eight Mississippi and Tennessee Outback Steakhouses dropped along with the economy from 2007-2009. By 2010, with a degree of life returning to the economy and job insecurity lifting, people began treating themselves to ...

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