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.
By MississippI PEP Staff | April 6th, 2017 at 6:43 am
Filed Under: Budget, Economy, Mississippi, MS State Government, News, Revenue, Spending
Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information provided by the Mississippi Department of Revenue.
The collections for the month of March mark the first time since last May that revenue exceeded the estimate.
By MississippI PEP Staff | March 30th, 2017 at 3:58 pm
Filed Under: Budget, Christianity, Faith, Gambling, Governor, Legislature, Mississippi, Mississippi State House, MS State Government, News, Phil Bryant, Philip Gunn, Religion, Revenue, Spending, State Lottery
Mississippi House Speaker Philip Gunn says he will appoint a committee to study the pros and cons of creating a state lottery.
By MississippI PEP Staff | March 24th, 2017 at 7:37 pm
Filed Under: Budget, Economy, Governor, Mississippi, MS State Government, News, Phil Bryant, Revenue, Spending
For the sixth time in less than two years, Gov. Phil Bryant on Friday was forced to make emergency state budget cuts as revenue continues to fall short of a much-revised, austere state spending plan for the current budget year. Bryant ordered $20 million slashed from the current year’s spending and will be dipping further […]
By MississippI PEP Staff | March 24th, 2017 at 8:53 am
Filed Under: Budget, health, Jim Hood, Legislature, Mississippi, MS Attorney General, MS State Government, News, Revenue, Spending
In the last year, Attorney General Hood has delivered two checks totaling $100,158,623.58 in addition to this $34.4 million dollar check today. His office delivered a check in the amount of $66,207,318.37 on Feb. 17, 2016, and a second check for $33,951,305.21 on Oct. 7, 2016.
