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Tag Archives: money

Mississippi town owes debt over employee retirement funds

A Mississippi town has agreed to pay tax lien of more than $30,000 because it improperly managed employee retirement funds. The Commercial Dispatch reports the Internal Revenue Service previously ordered Lowndes County Tax Assessor Greg Andrews to divert all of the town of Crawford’s license plate collections toward paying the lien. That was about $1,000 a month. Crawford appealed, and ...

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BILL CRAWFORD: The new Republican reality: Debt, debt, and more debt

“The national debt has passed a new milestone, topping $22 trillion for the first time,” reported the Associated Press. “The Treasury Department’s daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017.” “It looks like a $9 trillion time bomb is ready ...

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Fed chairman: Rural areas have not benefited from national prosperity

Federal Reserve Chairman Jerome Powell does not feel the probability of a recession “is at all elevated,” and that the country is continuing to see solid economic growth. But in a visit to a historically black university in the Mississippi Delta, Powell says that many rural areas have not benefited from the national prosperity. He says those areas need special ...

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BILL CRAWFORD: What a disappointing tax season

Started your tax return yet? I have and it’s so disappointing. I had looked forward to the simpler, easier tax filing promised by President Donald Trump’s tax cuts. Take the increased standard deduction and forget all that work to compile medical and dental expenses, taxes paid, interest paid, charitable contributions, and so on. This was going to be a breeze. ...

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Bill proposes $1,000 increase in Mississippi teacher pay

Mississippi legislators are making their opening bids on an increase in teacher pay, although there may be sweeter offers to come. The House Education Committee on Thursday passed House Bill 1349 , which proposes $500 increases in teacher salaries for each of the next two years, for a total of $1,000. That would boost the starting pay for a teacher ...

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Auditor demands more than $200,000 from chancery clerk

Mississippi’s state auditor is demanding that a southwest Mississippi official repay more than $200,000 to county government. State Auditor Shad White on Thursday released a report saying Lincoln County Chancery Clerk Tillmon Bishop needs to repay the money, The Daily Leader of Brookhaven reported. Auditors contend Bishop improperly paid eight employees with $163,000 in county money instead of fees collected ...

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BILL CRAWFORD: Monopolistic practices push drug prices higher

“The high cost of prescriptions are leading many people to ration medicine or skip it altogether,” reads a story in the Clarion-Ledger. An earlier story told about an 87-year-old WWII veteran with Type 2 diabetes. His glucose test strips suddenly jumped up from $25 to $90 a box. “That’s too high,” he said. “And I don’t understand how they can ...

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BILL CRAWFORD — Usury proscriptions forgotten in Mississippi

Living in a very Christian state, most Mississippians should remember the biblical proscriptions on usury.   Here’s one: “Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and has forgotten me, saith the Lord God.” (Ezekiel 22:12)   Many Mississippi leaders have forgotten.   Once Mississippi’s maximum annual finance charge was 8%. Anything ...

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BILL CRAWFORD — PERS sees taxpayers as their evergreen money tree

The PERS Board of Trustees seemed happy after hearing from their actuary. The funded ratio for PERS increased and investment returns were up.   So, are things turning up for PERS?   Only if you don’t mind your pocketbook getting raided.   Here’s the story. As the actuary report highlighted, PERS’ funded ratio moved from 61.1% to 61.8% (the minimum ...

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