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Tag Archives: Lynn Fitch

Fitch: $31M in unclaimed property in Mississippi

JACKSON — State Treasurer Lynn Fitch wants to give back more than $31 million coming from things such as forgotten utility deposits, bank accounts and stocks and unclaimed inheritances. Fitch is having published in Sunday newspapers across the state the annual list of the owners’ names and amounts owed to them. State law requires that banks, credit unions, insurance companies, ...

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Attorney McRae challenging Miss. treasurer in GOP primary

JACKSON — First-time candidate David McRae said Tuesday that he’s challenging Mississippi Treasurer Lynn Fitch in this year’s Republican primary. The 34-year-old attorney from Ridgeland said he wants to root out wasteful spending in state government — something that falls more squarely under the job description of the state auditor than the state treasurer. “I am running for treasurer because ...

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Treasurer Fitch reports State credit on ‘positive trend’

A State of Mississippi bond issue set to close in mid February will raise the state’s bond debt to $4.17 billion, Treasurer Lynn Fitch told legislators last week. Mississippi ended 2014 with bond debt of $3.9 billion. Fitch said the State’s credit is on a “positive trend” she attributed to “disciplined spending on the part of the Legislature” and “conservative ...

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Fitch wants new financial literacy program for students

TUPELO — State Treasurer Lynn Fitch says she wants to help Mississippi young people become more comfortable with handling their finances. Fitch is pushing a computerized financial literacy program in schools across Mississippi called Treasurer’s Education About Money. “We’re doing this to get them a critical life skill they so need. It’s important that they understand money,” Fitch said during ...

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College tuition program to reopen, but at steeper prices

JACKSON — The Mississippi board that oversees the plan that allows people to lock in pricing for future college tuition voted yesterday to reopen the program, but charge sharply higher prices. State Treasurer Lynn Fitch closed Mississippi Prepaid Affordable College Tuition program in fall 2012, saying she was worried about a funding shortfall. The program that reopens Oct. 1 will ...

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New leadership course looks to bringing more women into politics

COLUMBUS — Organizers of a leadership course for college students say they’re trying to increase the number of women in Mississippi politics. Twenty-six female students from in-state universities and community colleges are taking part this week in the bipartisan course at Mississippi University for Women. Tomorrow, they are meeting at the state Capitol with Gov. Phil Bryant, state Treasurer Lynn ...

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Fitch’s ‘negative’ outlook for state credit in place for a while

Mississippi can expect Fitch Ratings Service to maintain its “negative” outlook on the state’s credit for at least another two years, says Karen Krop, a Fitch senior director who evaluated the state’s borrowing and repayment circumstances in designating the credit outlook on Oct. 31. It’s a big picture look at a state’s overall credit quality that provides a direction on ...

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State debt study details challenges to staying creditworthy

Rich or poor, the negative can find you. It’s a lesson the nation’s wealthiest state — Connecticut — and its least wealthy — Mississippi — have learned after Fitch Rating Service handed the two states “negative” debt outlooks. Mississippi actually stands above Connecticut in creditworthiness at the moment, with an AA+ rating from Fitch compared to Connecticut’s AA. Fitch based ...

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Report: State could afford to borrow $1.8B over next five years

JACKSON — Mississippi could borrow $1.8 billion to use for new buildings, highways and economic development incentives over the next five years and rising state revenue probably could support that amount of borrowing, a report by Treasurer Lynn Fitch suggests. The Republican state treasurer compiled a debt-affordability study after agencies that rate Mississippi’s bonds said the state needed a roadmap ...

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