Mississippi

BRADENTON, Fla. — Moody’s Investors Service yesterday said the Deepwater Horizon oil spill may ultimately result in negative credit impacts on state and local governments in Louisiana, Mississippi, Alabama, and Florida.

Gov. Haley Barbour has signed the Mississippi School District Emergency Bridge Loan Act, which may be seeded with bond proceeds.

Standard & Poor's Tuesday raised the underlying rating on the Lamar County School District's general obligation bonds two notches to A from BBB-plus based primarily on its rapidly expanding property tax base and good income levels.

Mississippi Gov. Haley Barbour has ordered another $54.3 million in budget cuts, as revenue projections have persistently outpaced actual collections.

Gov. Haley Barbour on Monday said Mississippi’s revenue collections continue to lag budget projections and year-to-year comparisons.

In a review of Mississippi’s ratings released on Friday, Standard & Poor’s said the state’s AA general obligation debt rating reflected a strong financial position because of healthy reserves, despite decreased revenue collections for fiscal 2009 and fiscal 2010.