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Tag Archives: money

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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Revving at right time? Road, bridge funding efforts gain traction

Last month, yet another group was in Mississippi raising the issue of the state’s crumbling roads and bridge and a lack of funding to repair them. TRIP, a Washington, D.C.-based national transportation organization, held a news conference in Jackson, giving some of the same numbers and figures touted by other groups pushing for more road and bridge money. And that ...

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Q3 performance summaries bring good cheer to Mississippi bankers

Mississippi’s 86 FDIC-insured financial institutions turned profits in a third quarter that brought continued increases in net income, total assets and lending. Some good trends are developing – especially when weighed against the trouble and strife as recently as three years ago, said Odean Busby, chairman and CEO of Magee-based Priority One Bank and chairman of the Mississippi Bankers Association ...

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Survey: Percentage of Coast families in poverty rising

MISSISSIPPI GULF COAST — The percentage of families living below the poverty line in South Mississippi is on the rise. That’s according to the latest numbers released from the U.S. Census Bureau’s American Community Survey. In Hancock County, where the numbers from 2007-09 showed 11.6 percent of families were living in poverty and that percentage nearly doubled to 20.9 in ...

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Big grant — big goal: Funding looks to bring back manufacturing jobs

The state is looking to recoup manufacturing jobs, and got good news lately with the announcement of the landing of a nearly $2 million federal grant. The U.S. Department of Labor awarded the grant to Mississippi State University and partners to fund projects to accelerate job creation and encourage reshoring of advanced manufacturing jobs that have moved overseas. MSU’s $1,931,935 ...

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Analysis: Education, gov't finances tightly linked in Mississippi

The Associated Press JACKSON, Mississippi — Grab the nearest kindergartner and tell her this: Stay in school and study hard because Mississippi’s long-term economic outlook depends on you. If you slack off and drop out before getting a decent level of education, your state government — that is, your fellow citizens — might have to pay higher interest rates to ...

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Tax sale takes in nearly $2 million

HANCOCK COUNTY — The annual tax sale in Hancock County brought in a total of $1,885,797 for 3,053 parcels, Tax Collector and Assessor Jimmie Ladner said the weak economy and insurance uncertainties in the coastal county contributed to the sale volume. Ladner said 1,182 parcels in the county went into state ownership, erasing $140,000 in revenue that would have gone to ...

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