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Tag Archives: taxes

City approves tax break for Northrop Grumman

GULFPORT — The Gulfport City Council has unanimously approved tax breaks totaling $94,688 a year for Northrop Grumman’s shipyard, but one will expire in a year and the other by July 2013 unless the incoming council decides to renew it. Northrop Grumman requested the tax breaks for 10 years, based on the company’s investment of more than $18 million in ...

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City passes budget with no tax hike, layoffs possible

WAVELAND — The Waveland City Council has approved a $6.65-million budget that won’t increase property taxes. Mayor Tommy Longo said it may include employee layoffs, but that’s at the discretion of the department heads. Alderman Charles Piazza voted against the budget on Wednesday. Longo tells The Sun Herald that the council chose to cut $675,000 across the board. He said ...

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Cochran counters Democrats with tax bill

WASHINGTON — Sen. Thad Cochran (R-Miss.) is supporting legislation to preserve individual income tax rates at their current levels rather than allowing those rates to increase at the end of the year. Cochran is cosponsoring the Tax Hike Prevention Act of 2010, a broad tax policy bill aimed at extending all of the individual income tax relief approved by Congress ...

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Democrats divided on Obama's proposed tax hikes

WASHINGTON — Congressional Democrats are confronting deep divisions in their nervous ranks over whether to support President Barack Obama’s plan to raise taxes on the wealthiest Americans — or just punt the entire matter until after voters go to the polls Nov. 2. Democratic leaders committed to Obama’s proposal were to hear today from endangered lawmakers who fear that raising ...

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Geithner: GOP's tax cut support welcomed

WASHINGTON — Treasury Secretary Timothy Geithner says the administration is encouraged to hear Republicans say they would support President Barack Obama’s plan to extend tax cuts to the middle class. Geithner says in a speech that the administration would welcome the GOP votes. The Obama administration has proposed extending the 2001 and 2003 Bush-era tax cuts for the middle class. ...

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City leaders approve tax hike to fund schools

GREENWOOD — The Greenwood City Council has approved a $25.5-million budget for the school district that includes an increase in the school tax rate while also approving a $10.6-million general fund budget that keeps the city tax rate the same. City Clerk Nick Joseph tells The Greenwood Commonwealth that the school district’s new budget contains a 3.5-mill tax increase, roughly ...

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State tax collections beat expectations again

ACROSS MISSISSIPPI — Mississippi tax collections beat expectations in August for the second month in a row, but state leaders said it’s too soon to declare the state economy has rebounded from the recession. Department of Revenue spokeswoman Kathy Waterbury said yesterday that preliminary numbers showed all three major tax categories — sales, individual income and corporate income — were ...

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Delta city's budget contains no tax increases

GREENWOOD — Greenwood City Clerk Nick Joseph says there’s good news in the city’s proposed 2011 general fund budget. There will be no tax increases. Joseph tells The Greenwood Commonwealth it’s a balanced budget without using reserves. He said few cities the size of Greenwood are able to say that in the face of tough economic times. He said the ...

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School board votes in Hub City tax hike

HATTIESBURG — Hattiesburg Public School District Board of Trustees has voted to increase the ad valorem tax millage rate by 3.25 mills. The hike approved 5-0 yesterday will boost the millage rate from 51.75 mills to 55 mills. The board is requesting the city levy a millage high enough to raise just over $16 million for the school district. The ...

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Vacant plant gets tax break from supervisors

LAFAYETTE COUNTY — The Lafayette County Board of Supervisors has reduced the property tax assessment on the Whirlpool Corporation’s empty building and idle land from $13 million to $7.75 million. While Whirlpool was open, it was exempt from paying ad valorem taxes — except for school taxes — as an industry incentive. Once it closed its doors in 2009, the ...

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