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Tag Archives: Mississippi

Reeves, transport director differ over highway communication

Mississippi Lt. Gov. Tate Reeves said Thursday that a state agency director is backing off of accusations that Reeves and his staff used political pressure to push a highway project near his home. However, a letter from Department of Transportation director Melinda McGrath said Reeves’ staff took the “highly unusual step” of communicating directly with utility providers about the project. ...

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$345m Mississippi flood control project holds public hearing

More than 20 environmental groups have expressed opposition to an estimated $345 million Mississippi flood control project. News outlets report the Rankin-Hinds Pearl River Flood and Drainage Control District held a public hearing Tuesday in Jackson over the One Lake Project. It’s an attempt to prevent a flood like one that devastated the Jackson area in 1979. Critics argue damming ...

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Mississippi cities approve tax increases for parks, tourism

Voters in two Mississippi cities have approved a sales tax to raise money to provide tourism services. WLBT-TV in Jackson reported that voters in Pearl have approved a 1 percent sales tax increase on restaurant bills and a 3 percent tax on hotel bills. Pearl Mayor Jake Windham said the money will be used for a new pavilion at a city ...

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Mississippi city wrestles with budget problems

A Mississippi city is wrestling with budget problems after an audit showed a $14 million shortfall. WLOX-TV reported that Pascagoula Mayor Dane Maxwell said he’s working with the governor, the lieutenant governor and the state auditor on how to deal with the money problems following the release of a forensic audit. Maxwell says the focus is on making sure that city ...

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MATTHEW McLAUGHLIN — Show me the money

Having served as lead, co-, or local counsel on greater than $10 billion in debt and equity financings, I have experienced transactions that have closed relatively smoothly and I have also seen transactions fall apart at the closing table. Regardless of whether your company is raising debt or equity, there are some common themes and best practices that business owners ...

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Trustmark beats Street expectations

Staff and wire reports Trustmark Corp. on Tuesday reported second-quarter profit of $39.8 million. The bank, based in Jackson, said it had earnings of 59 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. The holding company for Trustmark National Bank ...

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Senator raises more than challengers in Mississippi race

An appointed U.S. senator in Mississippi is raising more money so far than her challengers in a special election, backed by contributions from colleagues including Senate Majority Leader Mitch McConnell of Kentucky. Campaign finance reports show Republican Sen. Cindy Hyde-Smith collected nearly $1.6 million through the end of June. That compares to $308,236 raised by Democrat Mike Espy and $272,263 raised by Republican Chris McDaniel . ...

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Payment ends former economic developer’s embezzlement case

A former economic development executive no longer faces criminal charges after he agreed to pay his former employer more than $30,000. The Northeast Mississippi Daily Journal reported Friday that embezzlement charges against Harvey Clements and his wife, Sandy Clements, were dismissed in May. The couple agreed to pay the Itawamba County Development Council $29,948, plus $1,400 in legal fees. Harvey Clements ...

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DeSoto schools build expansions, expect additional growth

Mississippi’s largest school system is adding classrooms to keep up with student growth. WHBQ-TV reports that the DeSoto County school system is spending $3 million to expand or renovate four different schools. That includes classroom additions at three elementary and one middle school. The district is also completing a major renovation of Olive Branch Intermediate School. Superintendent Cory Uselton says the ...

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Analysis: Gambling not a clear-cut state budget booster

Will Mississippi take a chance on a lottery? It’s a big question lawmakers could answer if Republican Gov. Phil Bryant calls them into special session in the next few weeks. Officials are looking for ways to generate about $200 million a year to pay for improvements to highways and bridges. Bryant says he will call a session sometime in August ...

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