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Tag Archives: money

SPENCER RITCHIE: Political contributions: Know your limits

In Mississippi, every year is an election year. This election year, however, is shaping up to be one of the most memorable in the state in decades. Many Mississippians will seek to play an active part in these elections by contributing to campaigns and political parties. Such contributions are subject to federal and state campaign finance laws. Below is a ...

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State revenue collections take March downturn

State revenue collections, after multiple months of strong growth, took a nosedive in March. For the month, revenue collections were $46.7 million, or 10.4 percent below the estimate. For the fiscal year, which ends June 30, collections are $12.3 million or 0.33 percent below official projections, according to the report compiled recently by the staff of the Legislative Budget Committee. ...

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New law lets Mississippi invest in bonds issued by Israel

A new Mississippi law will allow the state treasury to invest up to $20 million in bonds issued by Israel. Republican Gov. Phil Bryant, who has traveled to Israel several times, signed Senate Bill 2051 Tuesday. The law takes effect July 1. It will authorize Mississippi to use excess general funds to invest in Israeli bonds. Investments must be made in U.S. ...

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Budget work completed, session nearing end

The Mississippi Legislature finished work Tuesday on its $6.1 billion budget when legislation passed both chambers to set parameters on the state’s Medicaid program. With the budget completed, only a few items remain to be finished during the 2018 session, which could end as early as today. The state House was holding final passage of the budget for the Division ...

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Analysis: Conflicting messaging helped doom new school funding formula

Legislative leaders in their failed effort to rewrite the Mississippi Adequate Education Program school funding formula touted two, conflicting messages. On the one hand, they argued that the Adequate Education Program needed to be replaced because the state could not afford to provide the amount of money to local school districts that was called for under the school funding formula. ...

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BILL CRAWFORD: Early intervention with disadvantaged children has high ROI

Gov. Phil Bryant kicked off a recent seminar at the Civil Rights Museum auditorium featuring Nobel Prize winning economist Dr. James Heckman. An expert in the economics of human development, Dr. Heckman spoke on “Making the Case for Investing in High Quality Early Childhood Education in Mississippi.” The Graduate Center for the Study of Early Learning at the University of ...

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Mississippi lawmakers seek higher reserves, less spending

Top Mississippi lawmakers, seeking to put more money in reserve, propose small cuts for most state agencies in the coming year. The Joint Legislative Budget Committee, meeting Monday, adopted a plan that would cut more than 1 percent from overall state spending in the 2019 budget year, which begins July 1. It would be the second straight decline in state ...

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Analysis: Mississippi budget practices receive mixed grades

A nonpartisan group that evaluates state government budget practices is giving mostly midlevel marks to Mississippi. The Volcker Alliance was formed four years ago by Paul A. Volcker, a former board chairman of the Federal Reserve, with the goal of making government more efficient. The alliance issued a report Nov. 2 called “Truth and Integrity in State Budgeting,” which evaluates all states’ ...

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Analysis: There’s no hiding Mississippi’s economic weakness

Let’s make this simple — Mississippi’s economy is weak and shows few signs of growing stronger. This is a state where total economic output in 2016 still was lower than in 2008, before the recession. Not coincidentally, it’s a state where employers had fewer workers on their payrolls in September 2017 than in February 2008. And that 2008 peak came ...

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Small decrease expected for Mississippi budget next year

Mississippi is on track to have a slightly smaller budget in the coming year under a revenue estimate adopted Wednesday, a change that reflects caution about the state’s economy. Top lawmakers approved a projection that the state will have $5.6 billion available to spend during fiscal 2019, which begins July 1. That is $1.5 million less than the estimate for ...

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