City converts all debt to private, risking credit rating, transparency
Columbus may lose its credit rating by the end of the month due to delayed disclosure of its Fiscal Year 2019 audit report, according to an Oct. 1 press release from Moody’s Investors Service, a rating agency that assesses the city’s borrowing credibility each year.
LCSD to explore refinancing its debt
At a meeting that barely had a quorum, the Lowndes County School District Board moved briskly through a light agenda but did take the first steps in reducing its bond debt.
City leaders discuss borrowing millions more for streets despite mounting debt
Columbus city council is considering another round of street paving projects, following a 5-1 vote Tuesday night to further discuss the issue next month.
Council approves plan to save $1.1 million
Columbus councilmen approved a seven-part plan Tuesday that will purportedly save the city $1.1 million this fiscal year.
Refinancing could save CMSD an additonal $200K
Columbus Municipal School District could save an additional $200,000 over the next six years through refinancing a second construction bond.
Bond refinancing could save CMSD $300K
The Columbus Municipal School District plans to refinance its debt from 2009 general obligation bonds used to fund construction of Columbus Middle School, according to board of trustees president Jason Spears.
Treasurer says borrowing too high, some projects unworthy
Mississippi Treasurer Lynn Fitch is objecting to a bill passed by lawmakers to borrow money for construction projects, saying some of the projects are imprudent and she’s worried about the state taking on too much debt.
Obama calls for more rights for student borrowers
Issuing a clarion call to Americans saddled by student debt, President Barack Obama urged student borrowers Tuesday to stand up for their rights, and announced a medley of modest steps to bring some order to a notoriously chaotic system.
Measures to collect debts from tax refunds falter
House members are having second thoughts about bills that would allow governments and hospitals to seize state income tax refunds to pay debts.
KiOR fails to pay taxes by deadline
Monday was the day property taxes came due. Those who failed to meet that deadline face a 1 percent per month penalty.
KiOR receiver named, but local tax payment unclear
A judge has appointed a receiver to watch over KiOR’s Columbus biofuel refinery, as owners and creditors seek a buyer.
Miss. files fraud lawsuit against Khosla over KiOR
The state of Mississippi has sued billionaire Vinod Khosla and others, saying they knew long ago that bankrupt biofuel firm KiOR had poor prospects for success, but misled the state into loaning the company $75 million.
Khosla seeks KiOR plant receiver, says state ran off buyer
KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant.
KiOR says Miss. seeks to destroy it in court ploy
Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company.
Mississippi tries to force KiOR into liquidation
The company filed for Chapter 11 reorganization last year, with plans for controlling shareholder and financier Vinod Khosla to buy what’s left of the company.
42.9 million Americans have unpaid medical bills
Nearly 20 percent of U.S. consumers — 42.9 million people — have unpaid medical debts, according to a new report by the Consumer Financial Protection Bureau.
Columbus KiOR not part of company’s bankruptcy
Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly.
KiOR files for bankruptcy, but not Miss. unit
Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly.
KiOR says it owes $312M because it missed payment
Biofuel maker KiOR said Friday that the $1.8 million loan payment it missed to the state of Mississippi means it now owes more than $312 million immediately.
KiOR fails to make MDA loan payment
KiOR has missed its final deadline for making a $1.85 million payment on its $75 million Mississippi Development Authority loan.