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Ridgeland officials consider first tax increase in 26 years

RIDGE LAND — For the first time in 26 years, the mayor and board of alderman in Ridgeland are considering a tax increase. Mayor Gene McGee told The Clarion-Ledger taxpayers with a $100,000 home would see an annual increase of $10 to $15 on their property taxes. Citing lagging sales tax and other contributing factors, McGee said the city has had ...

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IRS drops a bomb on small employers

» Annual tax would be $36,500 per worker for noncompliance with Obamacare By JACK WEATHERLY  Employers with fewer than 50 employees were promised a break by not having to provide group health insurance under the Affordable Care Act. But now the IRS has served notice that under the rule that has been in effect since July 1 such employers are ...

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Bankers urge Congress to halt easing of credit union business loan rules

  By TED CARTER  The National Credit Union Administration is usurping Congress in its proposal to loosen restrictions on credit union business lending, the nation’s two major banking advocacy organizations say. Banks and the tax-exempt credit union industry have decades of strife behind them. But after the banking crisis of the last decade and the stringent regulations that followed it, ...

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International Paper Co. gives $2.25M to Mississippi State

STARKVILLE — International Paper Co. has given $2.25 million to Mississippi State to establish an endowment for a faculty chair within the school’s James Worth Bagley College of Engineering and create a new controls laboratory in the Department of Electrical and Computer Engineering. Senior Vice President Tommy Joseph, a 1982 MSU graduate, announced the gift Monday. He says by partnering ...

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Mississippi economy in slight rebound after 2 years of recession

By TED CARTER Several years after Washington declared the Great Recession over, Mississippi continued to endure its consequences, finishing both 2013 and 2014 with a shrinking economy. That tough stretch appears to be over, with the state’s economic negativity turning positive in the second quarter of 2015, state economists say. With 2013 and 2014 included, Mississippi has had a deficit in ...

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Sustained job growth forecast for Mississippi through 2017

By TED CARTER Mississippi’s jobs numbers are expected to grow 0.9 percent this year and rise to 1.1 percent in 2016 and remain there through 2017, economists with the University Research Center said in the Mississippi Economic Outlook’s summer 2015 issue. For the first six months of 2015, non-farm job growth is up 0.8 percent compared to the same period in ...

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TODD SMITH — PR is best for monitoring, managing online customer reviews

Online customer reviews can make or break a brand – even a relatively large brand. Consumers trust online customer reviews more than any other source of brand information except for recommendations from people they know, according to Nielsen’s Global Trust in Advertising report. Seventy percent of consumers trust online reviews, an increase of 15 percent over four years. People trust ...

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Chaney campaign contributions reach $448,000

By JACK WEATHERLY  Mississippi Insurance Commissioner Mike Chaney has decided that being elected to a third term is worth nearly $500,000. Chaney is being challenged by auto body shop owner John Mosley, who has put $158,000 into his campaign coffers from his own pocket as the two Republicans face each other on Aug. 4 in a primary that will decide ...

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BILL CRAWFORD: Frierson takes hard looks at tax breaks and Initiative 42

You’ve got to admire Herb Frierson. There aren’t many straight shooters in Mississippi politics anymore.   Back in 2013, the House Appropriations Committee chairman called the increasing number of tax breaks coming out of the Republican legislature a big problem, noting the legislature had no way to determine the cumulative impact of such cuts over time.   As reported in ...

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BancorpSouth Q2 earnings highest since 2008

  Daily Journal TUPELO – BancorpSouth Inc. notched its most profitable quarter in seven years, posting second-quarter earnings of $39.7 million, or 41 cents a share. The results were 6 cents higher than consensus estimates, but revenue of $181.62M, while 5 percent better than a year ago, missed estimates by $1.73 million. Still, the EPS for the quarter ended June ...

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