Committee chair vows to work on bond package next session
JACKSON — The Mississippi House and Senate will try to agree on a package of long-term borrowing next year, after failing to authorize one this past spring, a top lawmaker said. Senate Finance...
View ArticleFitch Ratings gives TVA bonds ‘negative’ outlook
NORTH MISSISSIPPI — Fitch Ratings has assigned an “AAA” rating to the $1-billion 2012 series B Tennessee Valley Authority (TVA) global power bonds. The bonds were priced Dec. 18, 2012. Proceeds from...
View ArticleBad money habits to break in 2013
Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year...
View ArticleState House gives nod to $184M in bonds
JACKSON — House members want the state to borrow more than $184 million, mainly for new buildings at Mississippi’s community colleges and public universities. The House passed bills to borrow $120...
View ArticleMoody’s downgrades city’s bond rating
NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1...
View ArticleTROTTER: Dealing with the issues of debt
A couple of years back, an article in Business Week caught my attention by stating that older Americans -those identified as 55 and over, are filing for bankruptcy at a faster rate than the general...
View ArticleLegislators comfortable with nearly $200M bond package
JACKSON — Top Mississippi lawmakers say they’ve agreed on a bond package of about $200 million for the coming year. Senate Finance Committee chairman Joey Fillingane says that includes about $96...
View ArticleReal estate firm sees earnings, revenue rise while debt falls
JACKSON — EastGroup Properties’ profit rose in the first quarter as revenues rose and debt payments fell. The real estate investment trust said quarterly profit rose 32 percent to $7.2 million, or 24...
View ArticleSchools want tax money; district in near $1M hole
NATCHEZ — The Natchez-Adams School District may ask taxpayers for more money next year. “The question now is how much and not if,” school board President Wayne Barnett said. “When (Superintendent...
View ArticleOpponents of recreational bonds fail to get needed signatures
MERIDIAN — Opponents to a $14-million bond issue in Lauderdale County have fallen short of their goal to force a countywide election on the proposal. The Meridian Star reports the county circuit clerk...
View ArticleSupervisors vote to add yet another bond issue
MERIDIAN — As Lauderdale County officials prepare to pay off one bond issue, supervisors voted this week to add another $14 million bond issue for city and county recreation projects, as well as...
View ArticleNew mayor: City ‘is in serious trouble’
ITTA BENA, Miss. (AP) — Thelma Collins becomes mayor of the town of Itta Bena on July 1. Along with the job, she inherits a $500,000 debt. “The city of Itta Bena is in serious trouble,” Collins told...
View ArticleCity holding more than quarter-million-dollar debt for yard work
VICKSBURG — The City of Vicksburg has $286,370 in uncollected debt on its books that some city officials say it might never fully recover. It’s money the city says 143 property owners owe for cutting,...
View ArticleUMMC to lease hospital; take on long-term debt
GRENADA — The University of Mississippi Medical Center plans to lease Grenada-Lake Medical Center for at least 20 years, paying for the lease by taking on the hospital’s $35 million in long-term debt....
View ArticleOfficials mull bond issue for road enhancements
SOUTHAVEN — The widening of Getwell Road to five lanes and extending Swinnea Road are two of the road improvements for which Southaven is looking at issuing $9.5 million in general obligation bonds....
View ArticleFitch rates Forrest Health ‘A’; outlook is negative
HATTIESBURG — Fitch Ratings has affirmed the ‘A’ rating on Forrest Health, Miss.’s (FH) outstanding debt, listed at the end of this release. The Rating Outlook remains “negative.” SECURITY Debt...
View ArticleBank agrees to underwrite bonds for Delta town
LELAND — Planters Bank and Trust Co. will underwrite the sale of $1.5 million in bonds for the city of Leland. The Delta Democrat Times reports the Board of Aldermen accepted the company’s bid this...
View ArticleMayor proposes using rainy day money for city’s debt
TUPELO — Mayor Jason Shelton wants to use about $5 million from the city’s rainy day fund to pay off part of its $30 million in bonds. That could save up to $825,000 in interest over seven years,...
View ArticleSecurity Card walks away with bevy of awards
OXFORD — Security Card Services was recently recognized for its achievements and received multiple awards at the Vantiv Partnership Forum held in Boston. Vantiv Inc. awarded Security Card Services, an...
View ArticleFitch takes no action after Kemper plant cost, schedule changes
KEMPER COUNTY — Fitch Ratings is not taking any rating actions following the latest cost revisions and schedule extension for the Kemper integrated gasification combined cycle (IGCC) project. Last...
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