Another $11 million has been added to the budget to expand and renovate Mississippi Valley State University's gymnasium complex. The College Board approved plans Thursday to raise the budget for the overhaul of the R.W. Harrison Health, Physical Education and Recreation Complex to $17.5 million. The complex includes the 5,000-seat gymnasium where Valley's basketball teams … Continue reading College Board approves $11 million for Valley State gym expansion.
Mississippi lawmakers failed to pass any kind of bond bill in 2012, much to the dismay of numerous state entities including the state’s university system. This year was a different story, and it turned out to be a boon for the University of Southern Mississippi. A $200 million bond bill passed in early April, included … Continue reading USM gets $20 million in new bond bill for nursing school.
The House Ways and Means Committee on Friday held a brief meeting about the project at 9 a.m. The company wasn’t named, but numerous lawmakers said Yokohama, with $4.5 billion in global sales, plans to build a plant that will initially make large tires for heavy equipment. Lawmakers say the company would create 500 jobs … Continue reading Lawmakers considering bond package of $130 million for Yokohama Tire.
(Senate Bill 2931) authorizes $208.55 million in new borrowing during fiscal 2014, which starts July 1. But, leaders subtracted $12.1 million in old bonds that they blocked from being issued, taking the total down to $196.45 million. The measure includes $96.5 million for universities, including $31 million to help build a new medical school building … Continue reading Legislature approves borrowing $196 million for projects.
The Mississippi House gave its final approval today to a bill that will help create 800-1,000 new jobs at the Nissan plant in Madison County. The bill had been held on a motion to reconsider. It now goes to Gov. Phil Bryant for his consideration. The bill's principal author, Sen. Will Longwitz (R-Madison) said the … Continue reading House gives final approval to Nissan financing bill.
House and Senate negotiators have approved a roughly $200 million bond bill for the upcoming fiscal year. "I think everyone will be happy," Senate Ways and Means Chairman Joey Fillingane said. Read More
The Mississippi Senate today passed a bill that will enable the creation of hundreds of new jobs at the Nissan plant in Madison County. The bill would allow the issuance of up to $100 million in "revenue-only" bonds to support expansion at and around the plant. The revenue from the bonds will come from lease … Continue reading Senate Approves Economic Expansion Measure to Create Jobs at Nissan.
Two Senate committees voted Tuesday in favor of Senate Bill 2920. It would allow the Madison County Economic Development Authority to issue taxable industrial development bonds, with Nissan using its credit rating to persuade bond buyers to lend money. The authority would own multiple buildings that would house Nissan suppliers brought in to support the … Continue reading Senate committees approve $100 million in bonds to bring Nissan suppliers.
BY: B. Keith Plunkett @Keithplunkett A few weeks ago I had the pleasure of visiting and interviewing Treasurer Lynn Fitch in her office in Jackson for one of our PEP Talk Podcasts. It was a pleasure to speak with Lynn, as it always is. She knows her stuff and, true to her trade as a … Continue reading Plunkett: Treasurer Fitch’s “Conservative Borrowing Plan” will give citizens valuable information regarding state debt.