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Tag Archives: money

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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Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 billion a month in bonds ...

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TROTTER: Big spenders vs. big savers

You stand at your window and look across the street. Nice house, you think. Nice landscaping. Nice sports car. Nice driveway. New bikes for the kids. Wow, if only you had that kind of money . . . . On the other hand, the plain home down the street with the older model sedan parked out front pales in comparison. ...

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New mayor: City 'is in serious trouble'

ITTA BENA, Miss. (AP) — Thelma Collins becomes mayor of the town of Itta Bena on July 1. Along with the job, she inherits a $500,000 debt. “The city of Itta Bena is in serious trouble,” Collins told the Greenwood Commonwealth. If the issues are not resolved, she said, “all of us will be shut down.” The town’s biggest debt ...

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