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Tag Archives: recession

Barbour, lawmakers set FY2013 spending at $4.6B

Gov. Haley Barbour and key legislative leaders have decided the Legislature will have $4.6 billion to spend in fiscal 2013 that begins next July 1. As usually happens, the figure could change dramatically before lawmakers complete the 2012 session in May. It represents the first framework for the budget — an estimate of how much money will be available. The ...

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Supreme court will hear Kemper Coal Plant arguments

The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant. Oral arguments are scheduled for Dec. 14. The suit was filed and heard in Harrison County Chancery Court. Judge Jim Persons ...

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Sod farmers shaken by economy, weather

For the state’s sod growers, 2010 was a year to forget. Rocked by low demand due to the lack of new construction as well as adverse weather patterns, the industry saw many producers forced out of business, and those that survived struggled to remain a going concern. Unfortunately, producers will hold no fond memories of 2011, either, and for the ...

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Read the October 10th issue of the MBJ online

In this week’s MBJ, Amy McCullough examines the explosion of solar companies in Mississippi and whether the companies can keep up with the technology. Only time will tell how Twin Creeks and Stion hold up as Mississippians have bet nearly $400 million on green energy companies Also in this week’s paper: >> ‘YES ON 26’ CREATES UNCERTAINTY FOR STATE BUSINESSES: ...

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Expert: Economic growth to be 'incredibly slow'

ACROSS MISSISSIPPI — Mississippi will have anemic economic growth this year and next, an expert told lawmakers yesterday. State economist Darrin Webb said economic conditions in the state and nation have deteriorated the past six months. The earthquake in Japan and an increase in oil prices during the spring sparked the uncertainty, and that was made worse by congressional squabbling ...

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Report: State's casinos recovering from recession

ACROSS MISSISSIPPI — Recovery from the recession began at the Mississippi Gulf Coast casinos in the spring of 2010 and likely will continue over several years, according to the newly-released State of the State annual report on Mississippi casinos. Presented by the Mississippi Casino Operators Association and compiled by economist Scott King, the report shows casino revenue fell by $500 ...

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