Mississippi’s pension system one of nation’s worst

By   /  November 12, 2014  /  Economy, Legislature, Local Government, Mississippi, Pensions, Politics, Taxes, Wisconsin  /  No Comments

PERS

According to a new study by State Budget Solutions, Mississippi’s pension system is far worse financial straits than its recent financial report indicated.

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Is New Jersey considering raising the gas tax?

By   /  November 10, 2014  /  Economy, New Jersey, State Budgets, State Government, Taxes, transportation, Watchdog Citizen News  /  No Comments

Shutterstock Image

The Transportation Trust Fund is out of money. Will a higher gas tax be used to pay for transportation projects?

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Indicted corrections commissioner enjoyed ritzy lifestyle

By   /  November 7, 2014  /  Abuse of power, Budget + Tax, Budget and Spending, Corrections, Economy, Mississippi, News, Regulations, Wasteful spending  /  No Comments

Photo by Steve Wilson

Indicted former Mississippi Corrections Commissioner Chris Epps lived a lavish lifestyle in a gated community with two Mercedes Benz sedans and a beachfront condominium.

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Report on Kemper Project casts embattled power plant in poor light

By   /  November 5, 2014  /  Business, Economy, Energy and Environment, Jobs + Growth, Lobbying, Mississippi, Politics, Regulations, Technology  /  No Comments

STILL UNDER CONSTRUCTION: The Kemper Project, a first-of-its-kind power plant that converts pulverized coal dust into natural gas-like syngas to fuel power-generating turbines, has ballooned from an original cost of $2.4 billion to nearly $5 billion. The plant is scheduled to open in the fourth quarter of this year, according to the Southern Company. PHOTO BY: THE SOUTHERN COMPANY

Imagine a first-of-its-kind power plant that costs $3.6 billion more than originally planned, with safety issues that required expensive, late fixes and a management team that denied delays and cost overruns until papering them over was no longer an option.

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Denver’s real unemployment rate mirrors Colorado’s

By   /  November 4, 2014  /  Colorado, Economy, Jobs + Growth, Watchdog Citizen News  /  No Comments

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Denver’s real unemployment rate, like Colorado’s is much higher than the official published figured would indicate.

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Deadline looms for KiOR loan payment

By   /  November 4, 2014  /  Business, Economy, Energy and Environment, Mississippi, News, Wasteful spending  /  No Comments

Photo courtesy of KiOR

Biofuels maker KiOR has until Wednesday to give the state of Mississippi its $1.875 million semiannual payment on a $75 million no-interest loan.

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