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Tag Archives: money

JRA plans image makeover, hires crisis manager

The Jackson Redevelopment Authority has conceded it has an image problem and is getting professional help to fix it. The agency widely known for the low priority it puts on transparency wants a makeover in public perception. It’s hired Yellow Brick Media Concepts of Jackson to provide it. The board received a proposal from Yellow Brick principal Kathy Times for ...

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MDA's Entrepreneur Center in new first floor space in Woolfolk

The Mississippi Development Authority’s Entrepreneur Center has relocated to the Woolfolk Building’s first-floor in a move designed to make the Center and its resources more accessible to people who want to get a business off the ground. » READ MORE: Entrepreneur Center: Helping you find your corner of commerce Project managers will work from cubicles just inside the new office space. ...

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DOR: State’s general fund stands to lose more than $100 million annually through the new tax apportionment rules

A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday morning. Legislators also put limits on the DOR’s authority to demand multistate companies provide combined tax returns. The DOR has insisted on authority to seek combined returns ...

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BILL CRAWFORD: Your tax dollars used for politicians’ self-promotion

How many of your tax dollars, if any, should be spent for self-promotion by elected officials? It’s quite common when new governors get elected to see their names pop up on all kinds of things: Welcome to Mississippi signs on the highways; state maps; tourism and economic development promotion materials; and more. But, the issue is much bigger than that. ...

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Business inventory tax, proclaimed as a jobs creation tool, projected to cost state $7M this year, then $126M in FY 2017

With fiscal 2014’s arrival, Mississippi’s businesses can begin enjoying the rewards of a hard-fought victory achieved in 2012 with passage of a phased-in state income tax credits for businesses that pay inventory taxes to cities and counties. Legislative wrangling ended with establishing the tax credits in place of an actual end to the inventory tax, an outcome cities, counties and ...

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Fed clarifies guidance on short-term rates

WASHINGTON  — The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market. The Fed on Wednesday ...

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BILL CRAWFORD — Covetous politicians, corporations, consumers befoul America

“You shall not covet” says the commandment. But, my observation is that such selfish desires of the body, mind, and soul befoul American culture today. We covet power, money, sex, material things, and undisciplined freedom. Dictionary.com defines “covet” as “to desire wrongfully, inordinately, or without due regard for the rights of others.” Covetous politicians’ desire for power not only subverts ...

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What now? Task force offers no answers to road/bridge issue

Last week, the Mississippi Senate task force that began work last year charged with coming up with funding alternatives to repair the state’s roads and bridges wrapped up its work without offering any solutions. In the summary of its report, the task force noted that the Joint Committee on Performance Evaluation and Expenditure Review (PEER) identified road and bridge maintenance ...

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Legal fees can grow quickly for cities

With attorneys commonly charging $100 to $150 per hour, it can take a big bite out of a city’s finances for legal fees, especially for cities that have been involved in annexation battles. In the 2013 calendar year, the City of Biloxi paid $581,741 to one law firm, Page, Mannino, Peresich & McDermott, PLLC. Biloxi paid another $127,088 to Michael ...

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