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Tag Archives: spending

Bryant's budget proposal includes income tax cut

JACKSON — Gov. Phil Bryant wants to cut income taxes for low-earning Mississippians as part of his 2016 budget proposal. Bryant, a Republican, said today that he’s seeking a $78.7 million tax cut for families earning less than $50,000 a year. It’s the centerpiece of his spending plan for the 2016 budget year, which begins July 1. Bryant is expected ...

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Bryant to unveil state budget plan for next year

JACKSON — Republican Gov. Phil Bryant is releasing his Mississippi budget blueprint for the coming year. He is expected propose setting aside money for the second year of a teacher pay raise that he approved earlier this year. He’s also expected to propose funding a new program that would help with workforce training in community colleges. Bryant is holding an ...

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S&P: State in top 10 in U.S. in sales tax dependency

ACROSS MISSISSIPPI — Mississippi is one of 10 states most reliant on sales taxes as a share of revenue, according to a new Standard & Poor’s report that says that such states may be particularly susceptible to an ever-widening income gap dragging down state tax revenues. Analysts with the credit rating agency believe rising inequality is also stunting overall economic ...

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NRF: Retail sales increased nationwide in most categories

WASHINGTON — Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation, March retail sales, which exclude automobiles, gas stations and restaurants, increased 0.8 percent adjusted month-to-month and 1.6 percent unadjusted year-over-year. NRF president and CEO Matthew Shay said, “Retail sales increased in most categories and sectors as consumers took to stores to ...

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Report criticizes MDOT's accounting; says road/bridge funding inadequate

JACKSON — A new report calls for Mississippi’s road-building agency to do more to account for the money it spends, but agrees the state isn’t spending enough money to maintain its roads and bridges. The report, released Friday by a legislative watchdog committee, could figure prominently into the ongoing debate over raising more money for the Mississippi Department of Transportation. ...

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