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Tag Archives: money

Analysis: Pressure rises on pension fund to seek more money

An outside adviser is telling Mississippi’s public pension system that it should change its accounting policies in a way that would sharply increase required contributions to keep the system solvent over the long run, adding to financial pressure on the Public Employees Retirement System. GRS Retirement Consulting made the recommendations last week, as part of its audit of the system’s ...

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Economy, not internet, cited for drop in state sales tax revenue

By BOBBY HARRISON State Economist Darrin Webb cites economic angst, not internet shoppers, for the prolonged period of sluggish sales tax collections for the state. The collection of the sales tax, the state’s largest source of revenue, was sluggish during the past fiscal year and started the new fiscal year on an even more dismal note. The anemic sales tax ...

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BILL CRAWFORD: Do Republicans really care about debt reduction?

So, is reducing the national debt still the priority concern for Republican leaders?   Remember the rhetoric:   “The national debt threatens our way of life; it threatens the value of our national currency; and it threatens our ability to pay for entitlements that millions of Americans depend on,” said Senate Majority Leader Mitch McConnell in 2009. And that’s why ...

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Months later, no decision on Mississippi online tax plan

Months after Mississippi’s top tax official proposed requiring large online sellers to collect taxes on internet sales, he still hasn’t enacted the rule. Kathy Waterbury, a spokeswoman for Revenue Commissioner Herb Frierson, said Wednesday that Frierson is still considering the proposal. Frierson has acknowledged the rule would directly challenge U.S. Supreme Court rulings forbidding states from requiring tax collections by ...

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Analysis: Unclear path for revamp of Mississippi student aid

As tuition grows more expensive at Mississippi’s universities and community colleges, more students are seeking aid to help them pay. But the state’s financial aid programs have problems of their own. And while aid might be revamped, competing interests might preserve the status quo. Mississippi has three major undergraduate grant programs: the Mississippi Resident Tuition Assistance Grant (MTAG), the Eminent ...

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Mississippi manufacturing leads downturn in state economy

  By JACK WEATHERLY Mississippi’s economy slipped again in April primarily because manufacturing workers’ average workweek fell below 40 hours for the first time in six years. The “manufacturing employment intensity index” is one of three indices that declined in April, sending the Leading Index of Economic Indicators (MLI) downward, according to a monthly report issued by the Institutions of ...

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Mississippi community college costs up 13 percent after cuts

Tuition and fees at Mississippi’s 15 community and junior colleges will rise by 13 percent this fall, with the average annual price exceeding $3,000 for the first time as schools try to offset state budget cuts. That’s bad news for students like Temeria Payton of Canton, who is studying liberal arts and foreign languages at Holmes Community College in Ridgeland. ...

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BILL CRAWFORD: American politics declining into profiteers vs moochers

Americans now live in a political environment dominated by extremes. One burgeoning faction, looking through red tinted lenses, seeks “freedom from.” Another, looking through blue tinted lenses, seeks “access to.” A fading faction, looking through clear lenses, fears all will become tinted.   The grassroots conservative movement sees national government as the great enemy and seeks freedom from oppressive taxation and ...

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Mississippi governor seeks several changes in budget process

Mississippi Gov. Phil Bryant is asking legislators to tweak the budget process to ease rating agencies’ concerns about the state’s finances. The Republican on Friday released the agenda for a special legislative session that begins Monday. It includes a list of proposals that Bryant calls the “Fortify Act.” He is asking legislators to build up savings in the state’s rainy ...

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BILL CRAWFORD — Freddy Joe should not pay taxes until Donny Joe does

It’s time for Mississippi taxpayers to stand up to tax dodgers.   It’s time to revolt against the State’s unfair and discriminatory behavior in the collection of taxes on retail sales. You see, Mississippi law requires residents to pay taxes on all retail sales, except those specifically exempt. But, the State’s arbitrary and selective enforcement of tax collections provides a ...

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