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Tag Archives: money

Jackson County approves hospital budget


PASCAGOULA — The Jackson County Board of Supervisors approved the county hospital system’s $325 million budget without giving the system $2 million in tax dollars. In the budget, Singing River Health System administrators promised to put $1.2 million toward the failing employee pension and projected a $700,000 profit next year, but they also asked the county for $2 million. The ...

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US stocks fall sharply on bleak Chinese manufacturing report

Trader Anthony Riccio works on the floor of the New York Stock Exchange, Tuesday, Sept. 1, 2015. More signs of weakness in China's economy are sending global stock markets sharply lower. (AP Photo/Richard Drew)

NEW YORK  — Stock markets plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world’s second-largest economy is slowing more than previously anticipated. U.S. stocks are coming off their worst month in more than three years. The price of oil sank, giving up most of the gain it ...

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US stocks surge after China cuts rates to help economy


U.S. stocks surged in early trading Tuesday after China’s central bank cut its key interest rate in a bid to boost growth in the world’s second-largest economy. The move erased some of the stock market’s heavy losses from a day earlier when concerns over a slowdown in China’s economy rattled global markets and knocked down the Dow Jones industrial average ...

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Brookhaven schools borrow $255K to address budget shortfall


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


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


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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