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Tag Archives: money

Auditor demands repayment over mishandling of borrowed money

Mississippi’s state auditor is demanding two former city administrators pay money he says was lost because of their mishandling. Auditor Shad White issued letters Wednesday to former Pascagoula City Manager Joe Huffman and former City Comptroller Bobby Parker. He says the two improperly mixed $27 million the Gulf Coast city borrowed in 2017 into its general fund. White’s office says ...

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US stocks edge higher as investors wait for trade updates

Major U.S. stock indexes edged mostly higher in afternoon trading Thursday as investors await signs of progress in trade negotiations between the U.S. and Mexico. The muted trading followed two days of gains driven by investors betting that the Federal Reserve could cut interest rates this year. Fed Chairman Jerome Powell said Tuesday that the central bank would “act as ...

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State’s GDP hit 10-year high in 2018

By TED CARTER Most years, Mississippi’s state economist Darrin Webb sees a lot of sameness in analyzing the state’s Gross Domestic Product, personal income and other economic indicators. But a break in the sameness has occurred. Calculations show last year brought something Mississippi has not seen in 11 years:  Real GDP growth of 1 percent or more. Mississippi’s initial real ...

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BILL CRAWFORD — Prosperity indicators not so good across Mississippi

Mississippi politicians running for re-election or higher office are out, about, and on social media touting how good things are and how they helped make things that way. Well, some things are good, but some are far from good. One is population growth, rather, lack thereof. As Jack Schultz noted in his best seller Boomtown USA, population growth is one ...

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Analysis: Lawmakers’ decisions affect people’s wallets

Pocketbook issues were an important part of the 2019 Mississippi legislative session. Senators and representatives approved pay raises for teachers and state employees. They voted to expand the availability of home-based health services to help some people stay with their own families and avoid living in nursing homes or state mental hospitals. They gave more money to the Department of ...

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BILL CRAWFORD — Bryant should veto dark money bill

“Transparency is critical to fair government,” Gov. Phil Bryant, a longtime champion of transparency and accountability in government, once said. Secretary of State Delbert Hosemann also promoted transparency when he proposed revamping Mississippi election laws in 2016. As WTOK-TV in Meridian reported: “Who’s dealing out money to candidates? And which ones are taking it? The Mississippi Secretary of State intends ...

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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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