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Tag Archives: money

Brookhaven schools borrow $255K to address budget shortfall

school

BROOKHAVEN — The Brookhaven School District is borrowing $255,000 to address a budget shortfall. Superintendent Ben Cox tells The Daily Leader that property tax collections have not kept up with expenses. The funds will be repaid over three years. Cox says last year tax collections were short of what they requested by about $212,000. He says the school district absorbed ...

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Houston leaders ponders budget shortfall

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HOUSTON — The city of Houston in north Mississippi is looking at a projected deficit of $251,536 in September when the fiscal year ends. Mayor Stacey Parker tells the Northeast Mississippi Daily Journal says the shortfalls are being projected in the city general fund and in the water and sewer budget. Parker is suggesting the city use a combination of ...

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Mississippi May revenue collections slow

taxes

JACKSON — Mississippi tax collections for May were $107.2 million below what state officials had expected. The shortfall leaves revenue $84.5 million below what officials estimated would be collected through May. The fiscal year ends June 30. While disappointed with the revenue collections, House Appropriations Chair Herb Frierson, R-Poplarville, said the state’s fiscal condition is healthy. He says the state ...

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Wife of former prison chief hopes to keep forfeited assets

Chris Epps

JACKSON — The wife of former Mississippi prison chief Chris Epps isn’t ready to give up the Flowood house that her husband agreed to forfeit as part of a guilty plea in a bribery scheme. Catherlean Epps has hired an attorney with expertise in federal forfeiture cases to keep her claim on property her husband has agreed to hand over, the ...

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Increasing gas tax makes for tough politics, adviser says

gas tax

JACKSON — Mississippi will need strong bipartisan leadership if officials want to increase the gasoline tax to pay for highways, bridges and other transportation needs, the policy director of a national group called Transportation for America told state business leaders Thursday. Joe McAndrew described such a debate as “a tricky political question,” and said gathering support to increase or restructure ...

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Bids on reworking Interstate 55 stretch are rejected

By JACK WEATHERLY The Mississippi Department of Transportation has rejected all design-build proposals submitted for the Interstate 55 project that is from the I- 20 interchange and Byram. “After reviewing bids received April 17, it was determined the lowest bid had several major errors and could not be awarded,” MDOT Executive Director Melinda McGrath said Friday in a news release. ...

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Mississippi governor and Israeli ambassador push trade

Ambassador Ronald Dermer of Israel, right, discusses with reporters the importance of his country becoming a financial and technology leader and how it would help Mississippi and Israeli private businesses establish commercial relationships Tuesday, April 28, 2015 in Jackson, Miss. The visit was part of a business summit with Mississippi and Israel companies seeking the opportunity to meet and discuss possible trade. (AP Photo/Rogelio V. Solis)

JACKSON — Leaders of Israel and Mississippi say they want to increase what is now a tiny trade between the Magnolia State and Middle Eastern nation, building an economic relationship on top of political ties. Gov. Phil Bryant and Israeli Ambassador to the U.S. Ron Dermer hosted a trade meeting Tuesday in Jackson. Dermer says Mississippi businesses can benefit from ...

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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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Reeves proposes more income tax cuts, bumping total to $550M

JACKSON — Lt. Gov. Tate Reeves says he wants to cut income taxes by a larger amount than he has previously proposed. The Republican says Monday he wants to increase the size of his tax cut to $550 million over 15 years. That would include $300 million in income tax cuts, eliminating the first $350 of income tax liability for ...

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Senate backs convention to mandate federal balanced budget

JACKSON — State senators want to sign Mississippi onto a plan for a nationwide constitutional convention that would force the federal government to balance its budget and require states’ permission to increase the national debt. The Senate voted 30-18 Wednesday to pass Senate Bill 2389, seeking a convention. The measure moves to the House for more debate. The plan, promoted ...

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