Troubled agency hires accounting firm for 60-day review
BILOXI — The Mississippi Department of Marine Resources has an agreement with a firm to conduct a 60-day review of the troubled agency’s finances, structure, staffing, work flow and government program...
View ArticleAlcorn’s finances being investigated; CFO resigns
LORMAN — Alcorn State University’s chief financial officer has resigned amid an investigation of alleged financial problems at the school. Mississippi Higher Education Commissioner Hank Bounds tells...
View ArticleS&P gives city ‘AA-’ long-term debt rating
SOUTHAVEN — For the third year, Standard and Poor has assigned the city of Southaven an “AA-” long term rating. The Commercial Appeal reports the rating service cited the city’s financial standing as...
View ArticleAlcorn president resigns as investigation continues
Above is former Alcorn State University President M. Christopher Brown II’s interview with the Mississippi Business Journal earlier this year … LORMAN — Alcorn State University President M. Christopher...
View ArticleAudit finds problems with county’s accounting system
FAYETTE — An audit of Jefferson County’s fiscal year 2012 showed the county had unpaid interfund loans and cash accounts of more than $70,000 that were not recorded in the county’s central accounting...
View ArticleLegal fees can grow quickly for cities
With attorneys commonly charging $100 to $150 per hour, it can take a big bite out of a city’s finances for legal fees, especially for cities that have been involved in annexation battles. In the 2013...
View ArticleListening sessions scheduled as board looks for new ASU president
LORMAN — Members of the Board Search Committee appointed by College Board president Aubrey Patterson to lead the search for the next president of Alcorn State University will hear from constituency...
View ArticleTARP recedes into banking history as all but two Mississippi banks have...
All but two Mississippi banks — both identified as small community lending institutions — have repaid the emergency capital received through the Treasury Department’s Troubled Asset Relief Program, or...
View ArticleDOR: State’s general fund stands to lose more than $100 million annually...
A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday...
View ArticleJOHN SCOTT: Tax code, meet today’s reality
As springtime blooms and a seemingly never-ending winter fades, a noteworthy but broadly overlooked set of tax proposals was released by the House Ways and Means Committee in Washington. These serve as...
View ArticleSupervisors unclear on Singing River’s financial, pension issues
PASCAGOULA — After meeting with officials with Singing River Health System yesterday, Jackson County supervisors are still unclear about financial and pension funding problems. “We are taking all the...
View ArticleTODAY ON WALL STREET — Mining companies lead stocks lower in afternoon trading
NEW YORK — U.S. stocks are sliding Thursday after a big rally the day before. Mining companies fell along with the price of gold and copper, while a proposed Congressional budget deal sent solar power...
View ArticleOil prices surge, but stocks wobble as drug companies slip
U.S. stocks are mixed in Friday trading as a rally earlier in the day lost steam. The price of oil jumped, giving energy companies a boost, but retailers are struggling after some weak sales reports....
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