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Tag Archives: revenue

Forestry Commission cuts 75 jobs due to budget reduction

By JACK WEATHERLY The Mississippi Forestry Commission will eliminate 75 positions July 1 – two-thirds of which are firefighting jobs – due to a $2.67 million, or 16 percent, cut in its budget. The reduction is because of the state’s drop in revenue, which has forced government cuts across the board. State Forester Charlie Morgan said in a release that “preserving ...

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March and April lead to rebound in state revenue

By BOBBY HARRISON / Daily Journal Personal income tax collections for April – an astounding 36 percent above the amount collected in April 2016 – have played a key role in helping state tax revenue recover for the current fiscal year. For much of the fiscal year, which ends June 30, the state was collecting less in revenue than it ...

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State finally has good month of collections

By BOBBY HARRISON / Daily Journal State revenue collections, which have been sluggish for more than a year, spiked in March even as the Legislature was ending the 2017 session by making major budget cuts because of those ongoing revenue woes. Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information ...

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State finally has good month of collections

By BOBBY HARRISON / Daily Journal State revenue collections, which have been sluggish for more than a year, spiked in March even as the Legislature was ending the 2017 session by making major budget cuts because of those ongoing revenue woes. Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information ...

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Strong coast casinos boost Mississippi gambling revenue

JACKSON — Mississippi casino revenues rose in November, fueled by strong performance on the Gulf Coast. State Revenue Department figures released last week show casinos won $161 million in November, up 3 percent from $156 million in November 2014. The 11 coastal casinos won $91 million, up 10 percent from last year. The Scarlet Pearl casino in D’Iberville opened Dec. ...

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State's casinos took in more winnings in October

ACROSS MISSISSIPPI — A strong performance by Mississippi’s Gulf Coast casinos boosted gambling revenue to $167 million in October. The figure bested the $165.5 million lost by gamblers in October 2013. The 11 casinos in South Mississippi showed 9 percent jump in revenue — despite the closing of the Margaritaville Casino in Biloxi. Mississippi Department of Revenue figures showed the ...

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BancorpSouth's efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to $29.2 million. In the third ...

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State's casinos saw another fall in revenue in August

ACROSS MISSISSIPPI — Mississippi casino revenue fell in August, with performance continuing to diverge between coastal and river regions. State Department of Revenue figures show casinos statewide won $175 million from gamblers in August, down 2 percent from $179 million in August 2013. The 12 coastal casinos won $94.1 million, up 5 percent from August 2013. The 17 river casinos ...

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Intuit: Mississippi had second-highest increase in small business employment in U.S. last month

ACROSS MISSISSIPPI — Intuit’s August Small Business Indexes, a monthly report providing unique and almost real-time insight into employment and revenue trends of the nation’s small businesses with fewer than 20 employees, showed that small business employment increased 0.01 percent in August. The data is based on approximately 242,000 small businesses customers of Intuit Online Payroll and QuickBooks Online Payroll, ...

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Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'

AROUND MISSISSIPPI — Isle of Capri Casinos Inc. has released financial results for the first quarter of fiscal year 2015. Company-wide, net revenue for the quarter was $241.6 million, compared to $238.0 million in the prior year quarter, and consolidated adjusted EBITDA was $43.7 million, compared to $41.9 million in the same quarter of the prior fiscal year However, Isle ...

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