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Tag Archives: money

State economist sees recession here and elsewhere as COVID-19 fight continues

Analysis of pandemic flu scenario puts Mississippi economic loss at $4.9 billion   By TED CARTER Other than saying a national recession is a certainty as the coronavirus shutdown grows, Mississippi’s state economist Darrin Webb is not publicly projecting where the state’s economy will drop to in the days ahead. For now, Webb’s forecast is for the nationwide recession to ...

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Ross and Yerger promotes Haralson

Jacob Haralson was recently named a Vice President at Ross & Yerger. In addition to a VP, Haralson is also a Shareholder and a Producer for the Oil & Gas Services Division. Haralson has his Masters of Business Administration and a Bachelor of Business Administration degree from The University of Mississippi. He and his wife Anna reside in Jackson with ...

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Former aide to Simpson sheriff charged with embezzlement

A former aide in a Mississippi sheriff’s office has been indicted on an embezzlement charge after officials say she improperly took cash that people paid as bond to be released from jail. Stephanie Cuellar was an administrative assistant in the Simpson County Sheriff’s Department. State Auditor Shad White said in a news release Thursday that Simpson County officials said Cuellar ...

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PERS temporarily suspends guest visits

In response to the coronavirus (COVID-19), the Public Employees’ Retirement System of Mississippi (PERS) has temporarily suspended visitors to the PERS building and will conduct retirement counseling via telephone. “PERS is working to ensure that our critical tasks of paying benefits and processing retirement applications continues,” said PERS Executive Director Ray Higgins. “We are keenly aware of the more than ...

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SEC announces average payout of $44.6 million per school

The Southeastern Conference schools each received more than $44.6 million in total revenue distributed by the league, a seven-figure increase from the previous fiscal year. SEC Commissioner Greg Sankey said Thursday the league handed out just over $651.0 million of total revenue among the 14 members for the 2018-19 fiscal year, which ended August 31, 2019. That’s up from $627.1 ...

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Mississippi working to cover full cost of teacher pay raise

Mississippi lawmakers are working on funding the final portion of a pay raise that teachers started receiving this school year. The $1,500 raise was approved during the 2019 legislative session, but officials later discovered a bureaucratic error. Because of the way some school districts keep records about certain categories of teachers, too few teachers were counted in the total cost ...

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SHAD WHITE — A critical moment for Mississippi’s economy

Today, maybe more than any time in our recent history, Mississippi faces fundamental questions about where our economy is headed. How we answer those questions is going to determine whether we succeed, like some of our surrounding states, or whether we become a rural Detroit. That’s the conclusion I’ve reached after watching our economy my entire life—from doing the books ...

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Tax from internet sales growing, but state getting less

By BOBBY HARRISON / Mississippi Today Since a June 2018 U.S. Supreme Court ruling allowing states to collect taxes on internet sales, Mississippi’s use tax collections have steadily increased.   Still, state Economist Darrin Webb and Mississippi’s other financial experts are projecting use tax revenue going to the general fund for core state functions such as education, law enforcement and ...

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Mississippi budget plan: Spend slightly less in coming year

Mississippi legislative leaders are recommending that the state spend slightly less money during the coming year than during the current year. Members of the Joint Legislative Budget Committee met Wednesday and adopted a broad outline for a nearly $6.3 billion budget for the year that begins July 1. That would be nearly $94 million less than the state is set ...

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Business partner acquitted in $85M Mississippi Ponzi scheme

The former business partner of a Mississippi man convicted of running a Ponzi scheme in which investors lost more than $85 million has been found not guilty of assisting in the crime. Jurors acquitted William McHenry, 72, of securities and commodities fraud and wire fraud charges Thursday in federal court in Jackson. Prosecutors had argued McHenry recruited investors for Arthur ...

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