Mississippi officials have outlined how they plan to spend this year’s $37.8 million installment of BP oil spill money, focusing largely on economic, environmental and transportation projects.
When the Mississippi Legislature this week approved funding for 128 projects throughout the state, $1.75 million came to projects in Lowndes and Oktibbeha counties.
Mississippi senators late Tuesday approved a bill to divide up $700 million in oil spill damages, setting aside more than $100 million overall for special projects.
A committee of attorneys involved in litigation arising from the 2010 Gulf of Mexico oil spill has made its recommendation for dividing some $700 million in fees among 122 law firms involved in years of complex legal work.
Mississippi lawmakers may be unable to decide this year how to spend $750 million in oil spill damage payments, with sniping between House and Senate members after a bill died at a Tuesday deadline for action when the House Appropriations Committee didn’t bring it up.
Mississippi senators want to create a new savings account channeling damage payments from the 2010 Deepwater Horizon oil spill to projects on the Mississippi Gulf Coast.
Some Northeast Mississippi legislators are putting the brakes on plans to give three coastal counties all of the funds from the $750 million settlement with BP for the 2010 Deepwater Horizon explosion and subsequent oil spills in the Gulf of Mexico.
Generally, there’s nothing better for a politician than spending “free” money — cash that arrived in the treasury without lawmakers having to vote to raise taxes on their constituents.
Oil giant BP PLC has put a final price tag on what its catastrophic Gulf of Mexico oil spill cost the company, and it’s a hefty sum: $61.6 billion.
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company’s 2010 oil spill.