Jackson Jambalaya

If the mayor was interest in fixing pot holes and streets, like he interested contracts and moving money to a different bank, the city would be achieving something.. But instead him and stamps trying to come up with a kick back scheme..
It's funny the mayor house is financed thru bank corp south.. Yarber sit down before you be in a 12 ¥ 12 laying down..

5:21= JPS grad.

5:12
GED (pending).

Regardless; He makes a good point.

Why would anyone jump to "kick-backs"? The question is: Does the low bid mean anything to our Council?

If we have a bid process for this banking, and if the bank is located in Jackson and has the personnel and processes to meet the bid specifications, then by all means go with the least expensive to the City. We need every dime we can muster and we need to follow the law. The money has to be placed somewhere and this has nothing to do with pot holes except it may free up some funds. To the average citizen, it will make no difference. Stick to the law.

7:59. law says lowest and best bid. Not just price.

7:59 AM, although both banks have locations in Jackson, Bancorp South is based in Tupelo, whereas Trustmark is headquartered in Jackson. The lowest bid may not always be the "best" bid. I would presume that when considering what is best, in addition to looking at the costs, the Council is weighing the economic and social impact the banks have made within the city.

Hey 6:05 and 8:44 I am completely lost at 5:21's statement

Great idea! Let's move the city's funds away from one of the biggest corporations based in Jackson. I'll start the pool on how long before they announce a move to Highland Colony Parkway after this is approved.

Here come the corrupt ones, trying to tell us freedom is slavery and war is peace. That sixty+ thousand dollar savings can be used to pay for a detective at JPD or give raises to the current detectives (who are paid the same as patrol officers) and thus attract the better policemen to that section. That's just one example of what can be done with the savings.

Although I'm sure a couple a of councilman would rather spend it for additional "assistants" or slush funds.

Why is Margaret pushing back so hard on this?

Trustmark had Madison's business and lost it through the bidding process. Didn't seem to hurt Madison, did it?

In response to 9:02: Bancorp South is headquartered in Tupelo, but is a significant player both in the banking community and giving back to the metro area. It also has substantial presence in the metro area, and has for many, many years. They actually sponsor many more events than Trustmark.

Get on board council, these savings could be used to partially fund another deputy CAO position.

Thank God there is something to be said for locating in Hinds County in this process. Our company is located in Hinds County and I would hope that means something in the bid process. Low bid rarely is the only metric taken into account when deciding on a vendor. Service and location should are important as well!!

They are both good corporate citizens in Jackson. They are both reputable. Sometimes you just lose.

The savings could be used to pay for a study for Farish Street.

I assume 9:39 was joking about the deputy CAO, but I can't tell if you're serious or not about dumping money into the pit known as Farish Street.

Betcha BancorpSouth had a higher minority participation percentage or involvement of some sort. That is the only priority for the City when determining bids. Officials privately say that they want to keep "the wealth" in the city by building up the local Jackson citizens (code language for helping out certain others handpicked by city officials). Go ask anyone who bids for business with the city and they'll tell you the same. Legal extortion at its finest....

Tony Yarber is a joke, another campaign debt, that Socratese Garret is behind..

Are these fixed rates for 2 years? Who would enter into a 2 year fixed rate contract in this point in the rate cycle? Were variable interest rates offered? What are costs of conversion? Do your homework...Not as simple as it seems.

If Trustmark had been selected the very same critics would be making the same comments. BankCorp won the bid. If they don't perform make a change but don't negate the bid process.

Kingfish is to Yarber as MSNBC is to Obama. Your mancrush is showing dude.

I bet if you compare Trustmark's taxes paid to Jackson, JPS, etc. that it would compare very favorable to BancorpSouth. From what I've heard, the City used the old, tired proposal form that's been used for a while. You can't analyze a banking relationship on one sheet of paper. They are not even considering a variable rate, which is crazy considering the rate increases that are likely to happen next year. Changing banks is not as simple as opening a few checking accounts and transferring money. Apparently Trustmark employs 500 Jacksonians.

Is this not obvious?

I can understand value-add and I do think there should be a presentation of the interest costs in this consideration, however, these bids are miles apart.

Lately TrustMark was sponsoring a lot of Youth Programs in Madison . Kids in Jackson could some help too.