By MississippI PEP Staff | August 11th, 2017 at 11:27 am
Filed Under: Budget, Business, Economy, Mississippi, MS State Government, News, Revenue, Spending, Taxes
Despite repeated attempts by Mississippi government officials, the state’s internet sales tax revenue for FY 2017 was down even more than sales tax revenue- $4.2 million or 1.8 percent compared to the sales tax being down 0.33 percent.
By MississippI PEP Staff | July 24th, 2017 at 7:03 am
Filed Under: Commentary, Ethics, Gulf Coast, Legislature, Mississippi, Mississippi State House, Mississippi State Senate, MS State Government, Opinion, Phil Bryant, Philip Gunn, Politics, Revenue, Sean Tindell, State Lottery, Tate Reeves
Legislators are saying they didn’t know the bill they passed this year to tax fantasy sports betting may open the door for Mississippi casinos to offer and control Las Vegas style sports betting. Governor Phil Bryant, Lt. Gov. Tate Reeves, and Speaker of the House Philip Gunn are saying that was not the intent of […]
By MississippI PEP Staff | July 24th, 2017 at 6:05 am
Filed Under: Culture, Democrats, Influencing Institutions, Leadership, Medical Care, Mike Moore, Mississippi, MS Attorney General, National, News, Public Safety, Revenue
The legal front widening against makers of opioid painkillers has something in common with landmark tobacco litigation of the 1990s: attorney Mike Moore.
By MississippI PEP Staff | July 21st, 2017 at 6:14 pm
Filed Under: Banking and Finance, Business, Ethics, Liberty, Mississippi, MS State Government, News, Principles of Freedom, Property rights, Revenue, Taxes
On Friday June 21, the Department issued a notice that it intended to amend Reg. 35.IV.1.02 concerning application of sales tax penalties. A public hearing will be held on Wednesday, July 26, 2017, at 2:30 p.m.
By MississippI PEP Staff | June 19th, 2017 at 7:35 am
Filed Under: Mississippi, MS State Government, News, Revenue, Taxes
Instead of being a boost to the beleaguered state general fund, the use tax, like other state taxes, is underperforming in terms of collection.
By MississippI PEP Staff | May 9th, 2017 at 6:52 pm
Filed Under: Banking and Finance, Budget, Mississippi, MS State Government, PERS, PERS, Revenue, SLRP, Spending, State Bonds
Credit Rating Agency Warns State Officials That Rate Cut Could Be Coming If Pension Liabilities Not Corrected Getting better or getting worse? That’s the question Mississippi leaders are debating after the third major credit rating agency warned last week that it was concerned about weakness in state finances and the overall economy. For credit rater […]
By MississippI PEP Staff | April 11th, 2017 at 3:01 pm
Filed Under: Budget, Commentary, Gambling, Governor, Legislature, Mississippi, MS State Government, Phil Bryant, Philip Gunn, Politics, Republican, Revenue, Spending, State Lottery, Transportation
Governor Phil Bryant had previously opposed the lottery. But late last year, Bryant’s position on the lottery shifted. He cited the number of Mississippians purchasing lottery tickets in neighboring states, taking money out of the state, as the reason for his support for the lottery.
By MississippI PEP Staff | April 11th, 2017 at 12:41 pm
Filed Under: Budget, Culture, Democrats, Gambling, Legislature, MDOT, MS State Government, News, Nick Bain, North Mississippi, Politics, Republican, Revenue, Rita Parks, Spending, State Lottery, Transportation
Parks said although she’s open to creating new ways to generate income in the state, the Kossuth native is against a state lottery. Rep. Nick Bain (D-Corinth) said he will also vote no on any lottery legislation.
By MississippI PEP Staff | April 9th, 2017 at 7:25 am
Filed Under: Business, Commentary, Economy, Ethics, Gulf Coast, Job Growth, Liberty, Long Beach, Mississippi, Opinion, Revenue, Taxes, Unemployment
The vast majority of web-based businesses are small to medium-sized purveyors of specialty goods, with national or global customer bases which cannot be economically served through the “bricks and mortar” business model. Other web-based businesses have attacked narrow segments of the large retailers’ offerings, competing more efficiently without the associated overhead. While tax-free has undoubtedly benefitted internet commerce, it is not the sole reason for the explosive growth of this segment. It is the opportunity to now cripple these nimble, internet-based competitors which has united the big box retailers and mega-internet participants. Governments of all size, enticed by the promise of more tax revenue, are now being recruited in this effort.
By MississippI PEP Staff | April 9th, 2017 at 6:52 am
Filed Under: Budget, East Mississippi, Education, Governor, Lauderdale County, Meridian, Mississippi, MS State Government, News, Phil Bryant, Revenue, Spending
The proposed $5.8 billion general fund plan – a plan that is $134 million less than the current fiscal year budget – and the reduction will affect state agencies and departments. Though disappointed to not see more funding, the heads of several local agencies and departments say cuts for the next fiscal year will require a few adjustments, but most say nothing drastic.
