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Business  |  Frank Corder  • 
March 20, 2020

Coronavirus likely to infect Mississippi sales tax hurting state, local budgets

As cities across the state announce social distancing measures to curtail the spread of the coronavirus, restrictions on restaurants, retail stores, movie theaters, casinos and other service and entertainment industries are more likely than not to result in a hit to sales tax collections. The Mississippi Department of Revenue is closely monitoring the situation but…
Business  |  Frank Corder  • 
March 19, 2020

Oil, gas price decline amid coronavirus to negatively impact Mississippi local, state budgets

Low gas prices may be good for consumers but the ripple effect it is having on energy producers can be problematic for the overall economy, both in Mississippi and nationally. The Coronavirus pandemic is having a global impact on oil and gas production which is a large part of the economic uncertainty plaguing markets.  Oversupply…