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Tag Archives: budget

State receives premium taxes from AIG settlement

JACKSON — The Mississippi Insurance Department has transferred $332,676 to the Mississippi Department of Revenue from premium taxes recently recovered during the settlement of a multi-state probe into American International Group’s (AIG’s) workers’ compensation insurance affiliates. The state of Mississippi received just under $1 million from the settlement earlier this spring. The monies are a result of a 2010 settlement ...

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Schools to dip into reserves; won't request tax increase

HATTIESBURG — The Forrest County School District will not request a millage increase for 2012-13, but will instead use money from its reserve fund to pay for extra expenses in its budget. The Hattiesburg American reports the school district’s budget for the upcoming school year is $24.9 million, up from last year’s budget of $23.9 million. The district has 2,300 ...

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Public universities asking for an additional $72.4M

AROUND MISSISSIPPI — Mississippi’s eight public universities want an additional $72.4 million in budget year that starts in July 2014. Higher Education Commissioner Hank Bounds told the College Board the schools need money to increase faculty salaries and cover pension contributions. State money to universities will fall $32 million to $670 million in the 2013 budget year beginning this July ...

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Officials lobbying School Board for tax increase to meet budget

PURVIS — The Lamar County School District is asking for a millage increase to balance its budget for the 2012-13 school year. The Hattiesburg American reports Superintendent Ben Burnett and district CFO Jennifer Hession presented the proposed budget to the Lamar County School Board yesterday. The school district’s proposed budget is $77.8 million, up from last year’s budget of $73 ...

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City pays former city clerk more than $1.3M

VICKSBURG — Since City Clerk Paul Rogers retired in June 1999, he has kept working for the city — two years as a consultant, eight as the city’s strategic planner, and from 2009 until March, working part-time on the city’s 2008 audit. Records obtained through the Freedom of Information Act show the city paid Rogers $1.36 million over that 12 ...

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Valley State laying off staff due to state budget cuts

ITTA BENA — Mississippi Valley State University is laying off about 4 percent of its staff as a response to continued state budget cuts. Spokeswoman TaRessa Stoval tells The Greenwood Commonwealth the 21 employees being laid off include clerical personnel, service personnel and mid-level managers. The cuts take effect June 30. She says the affected employees were not offered severance ...

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Mississippi Power's Kemper plant running $366M over budget

KEMPER COUNTY — As the Mississippi Business Journal’s Clay Chandler reported last week, Mississippi Power Company has told regulators the power plant it is building in Kemper County is $366 million over budget. The overrun would push the total cost of the coal-fired power plant being built by the unit of Atlanta-based Southern Co. to $2.76 billion. That’s only $110 ...

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State tax collections exceed forecast, but agencies still face budget cuts

ACROSS MISSISSIPPI — Mississippi tax collections are up, but lawmakers say state agencies still might face budget cuts during the 2013 session. Because of a sluggish economy, Mississippi still hasn’t recovered from the Great Recession. Tax collections remain below where they were during the fiscal year that ended June 30, 2008. The Northeast Mississippi Daily Journal reports for the first ...

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City budgets $175K to finance proposed annexation

PASCAGOULA — An additional $175,000 will come out of the Pascagoula general fund this fiscal year to finance annexation. The Mississippi Press reports city leaders approved the budget amendment. The city’s plan to annex about 21 square miles east of the city got rolling in fall 2010, and has been a subject of debate ever since. Proponents say that the ...

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Audit shows USM's athletic department's debt nearly doubled in one year

HATTIESBURG — The University of Southern Mississippi athletic department’s debt nearly doubled between the start of the 2010-11 fiscal year and fall 2011. An audit acquired through a public records request shows that the department owed $439,255 in fall 2010 and $790,398 last fall, The Hattiesburg American reports. Football was the only sport that did not lose money in the ...

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