Home » Tag Archives: rainy day fund

Tag Archives: rainy day fund

House gives Bryant authority to use reserves

By BOBBY HARRISON / Daily Journal House Democrats and Republicans had differing goals Wednesday – the second day of a special session where ultimately legislators agreed to give Gov. Phil Bryant additional authority to tap into state reserves to plug budget holes. House Democrats also sought to deal with anticipated problems facing the budget for the next fiscal year. House Republicans ...

Read More »

State's tax collections grew 5 percent last budget year

JACKSON — Mississippi tax collections continued growing strongly in the just-concluded budget year, posting another year of 5 percent growth and ensuring that money will be available to help improve local roads and bridges. State Department of Revenue figures show general fund tax receipts grew to a record $5.25 billion in the 2014 budget year, which ended Monday. Lawmakers raised ...

Read More »

Mayor proposes using rainy day money for city's debt

TUPELO — Mayor Jason Shelton wants to use about $5 million from the city’s rainy day fund to pay off part of its $30 million in bonds. That could save up to $825,000 in interest over seven years, freeing up cash for big capital items such as fire trucks or tornado sirens, he told The Northeast Mississippi Daily Journal. Shelton ...

Read More »