Mississippi’s pension system improves, but unfunded liability still tops $14 billion

By   /  October 31, 2014  /  Budget + Tax, Budget and Spending, Economy, Legislature, Mississippi, Pensions, Politics, State Elections, State House, State Politics, State Senate  /  No Comments

PERS

Thanks to some improved returns on its investments, the Public Employees’ Retirement System of Mississippi is in much better shape, according to the newest financial report. But it still has more than $14 billion in unfunded liabilities.

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Kemper Project costs rise another $300 million, delayed until 2016

By   /  October 30, 2014  /  Energy and Environment, Mississippi, News, Public Utilities, Regulations, Technology  /  No Comments

PHOTO BY: The Southern Company

The final cost on the oft-delayed Kemper Project has risen to $6.1 billion as the first-of-its-kind plant won’t open until 2016.

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Grammy museum in Mississippi gives U.S. taxpayers more blues

By   /  October 29, 2014  /  Budget + Tax, Lobbying, Mississippi, National, News, Politics  /  No Comments

Photo by the Grammy Foundation

The Grammy Museum Mississippi received $1.2 million in federal and $6 million in state funds to build an $18 million museum in Cleveland, Miss.

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Mississippi’s ‘Tower of Pork’ costs taxpayers $352 million

By   /  October 28, 2014  /  Budget + Tax, Government Waste, Mississippi, Politics, U.S. Senate, Uncategorized  /  No Comments

Photo by Steve Wilson

One of these things is not like the other. Tower of Power is a horn-driven funk band from the 1970s. The “Tower of Pork” A-3 rocket engine test tower sits idle at the John C. Stennis Space Center on the Mississippi Coast.

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Bingo arrests by state’s regulatory body are a rare event in Mississippi

By   /  October 27, 2014  /  Budget and Spending, Mississippi, News, Politics  /  No Comments

Photo by the State of Mississippi

Imagine a law enforcement agency with four arrests since 2003. For those keeping score at home, that’s one arrest every 3 1/2 years.

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Auditor’s report raises issues on MAEP formula

By   /  October 22, 2014  /  Audits, Budget + Tax, Budget and Spending, Mississippi, News, Politics, State Elections, State House, State Lobbying, State Politics, Wasteful spending  /  No Comments

Photo illustration by Steve Wilson

The MAEP formula might be an even bigger fiscal drain on Mississippi, according to a brief by the state auditor.

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