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Tag Archives: general fund

State's tax collections grew 5 percent last budget year

JACKSON — Mississippi tax collections continued growing strongly in the just-concluded budget year, posting another year of 5 percent growth and ensuring that money will be available to help improve local roads and bridges. State Department of Revenue figures show general fund tax receipts grew to a record $5.25 billion in the 2014 budget year, which ended Monday. Lawmakers raised ...

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Hood wants settlement funds to go to prison, courts

JACKSON — Attorney General Jim Hood has sent a check to the state General Fund for $52,697,853.73 and a check for $11,167,097.00 to the State/School Employees’ Health Insurance Plan. The money, totaling $63,864,932.73, is the result of litigation involving eight cases as follows: GlaxoSmithKline, LLC (Avandia): $25,219,368.42 BASF Corporation et al (vitamin litigation): $22,509,978.76 LCD litigation: $3,844,417.09 Toyota: $433,542.74 Lender ...

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Illegal tobacco to be sold

JACKSON — The state House and Senate have passed a bill that would authorize State Auditor Stacey Pickering and Tax Commissioner Ed Morgan to sell tobacco seized in an undisclosed warehouse found in Mississippi in April. The estimated retail value of the contraband tobacco is $20 million and the unpaid state taxes total over $5 million. Pickering said, “This is ...

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