Home » Tag Archives: budget (page 19)

Tag Archives: budget

Errors, miscalculation lead to $1.5M budget shortfall

GAUTIER — After learning this week that Gautier will face a significant shortfall over the next several months, city leaders say tax increases will not be part of the solution. Interim city clerk Teresa Montgomery projected that the city can go into fiscal year 2013 with $493,200 in the general fund if money is transferred from other funds. But she ...

Read More »

Ratepayers watching closely as TV board meets to craft budget

NORTH MISSISSIPPI — Electricity rates for Tennessee Valley Authority customers in seven states are on the agenda for the utility’s board of directors. The board meets today in Knoxville and will vote on the budget for the fiscal year that begins Oct. 1. Part of the financial plan will be deciding whether to raise or lower the price that wholesale ...

Read More »

County sets public hearing to discuss proposed budget

HERNANDO — The DeSoto County Board of Supervisors has set Sept. 4 for a public hearing on the proposed fiscal 2013 $102 million county budget. The proposal calls for a 3 percent raise for county employees and no millage rate increase. The Commercial Appeal reports supervisors discussed the proposed budget during a lengthy meeting that was a continuation of a ...

Read More »

Mayor's plan won't raise taxes, but increases spending

JACKSON — Jackson Mayor Harvey Johnson Jr.’s proposed budget won’t raise taxes or utility rates on residents in 2013, but promises a 50 percent increase in spending on projects that target the city’s crumbling infrastructure. If the Jackson City Council adopts the mayor’s recommendation, The Clarion-Ledger reports there will be no raises for city employees this year At the same ...

Read More »

Auditor releases annual report on costs of Legislature

JACKSON — Just like any business or state agency, the Mississippi Legislature needs supplies, staff and equipment to operate. Lawmakers need coffee to jump-start the day. From April 12, 2011 to May 3 of this year, it took $22,056 of coffee and $13,406 of bottled water to wet the whistles of legislators, staff members and just about any member of ...

Read More »

Public schools to ask for $320M increase to 2014 budget

JACKSON — Mississippi’s public school system will seek an additional $320 million for the 2014 budget year, according to figures released yesterday. Each year, the state Board of Education must compute the amount called for under the state’s kindergarten through grade 12 funding formula, called the Mississippi Adequate Education Program. Under the 1997 law that created MAEP, that’s the amount ...

Read More »

Auditor tells Coast city leaders to stay out of reserves

OCEAN SPRINGS — Auditors have told Ocean Springs to avoid — if they can — dipping in cash reserves in preparing a new city budget. City leaders borrowed $1.7 million from the city’s reserves last year, leaving $822,000. Auditors told the board of aldermen that good financial practices recommend a reserves balance of $2.7 million based on the city’s budget ...

Read More »

Coast city must make cuts; facing multi-million-dollar deficit

GULFPORT — Gulfport city officials are being told they are going to have to make millions of dollars in spending cuts. Gulfport is on track to end this fiscal year with a $1 million deficit that could climb to $4 million in 2013, finance director Mike Necaise said. The problems include revenue shortfalls and increased costs, including upkeep on post-Katrina ...

Read More »

City's year-over-year sales tax collections up nearly 10%

NATCHEZ — Sales tax collections in May for the city of Natchez increased 9.5 percent over May of last year. The Natchez Democrat reports it was the 10th month of an upward trend in sales taxes for Natchez. Overall sales tax collections totaled approximately $447,780, up approximately $38,980 from the $408,800 collected in May 2011. City Clerk Donnie Holloway has ...

Read More »

All county employees to be furloughed in cost-cutting measure

PEARL RIVER COUNTY — New furloughs in Pearl River County will affect all county employees, including department heads and administrators. The Picayune Item reports the board of supervisors also cut spending, including $50,000 to the library system was free up money in the budget. On June 11, the board of supervisors froze hiring and the issuance of purchase orders. The ...

Read More »