Thursday, June 30, 2016

$150 million!!!

Attorney General Jim Hood issued the following press release: 

The state of Mississippi is expected to receive $150 million from BP on Friday, representing the oil company’s first payment for economic damages resulting from the 2010 Deepwater Horizon disaster, Attorney General Jim Hood announced today.

 
The payment comes three months after five Gulf Coast states, the federal government and BP finalized a nearly $20 billion settlement in federal court. The agreement is the largest environmental settlement in history. In all, Mississippi will receive approximately $2.2 billion in compensation from BP.
 
Attorney General Hood commended his staff and state agency employees for their years-long efforts to ensure Mississippi held BP accountable for its actions and that the state received appropriate compensation for economic recovery and coastal restoration.
 
Attorney General Hood said he remained committed to making sure that coastal counties and cities receive fair treatment from the settlement. As part of that commitment, Attorney General Hood reminded the Legislature that, despite a significant budget deficit, the $150 million in recoveries from BP should be directed for projects on the Coast. This initial payment – expected Friday and required to be delivered by BP no later than Sunday – is part of a total of $750 million for economic damages that Mississippi will receive over the next 17 years.
 
“After years of litigation and work to identify the economic damage caused by this catastrophe, we reached an agreement that would help to make our coastal communities whole again,” Attorney General Hood said. “However, I am deeply concerned that the state’s legislative leaders may use this payment to try to cover up their self-created budget hole.”
 
Attorney General Hood noted that the Legislature has already earmarked approximately $46 million from the $150 million disbursement. Legislative leaders would do a disservice to their coastal constituents if they use that money to fund anything other than areas impacted by the spill, he said.
 
“Those who created this budget emergency by providing self-serving tax cuts to big business should not use this money to cover up their mess at the expense of our neighbors on the Coast,” Attorney General Hood said

29 comments:

Anonymous said...

My name is Jim Hood and I approve this message.


BLAH BLAH BLAH...

How do you determine the economic damage that the state suffered as a result of lower sales taxes and income tax that would have been in the general fund for use across the state? Explain that Jim Hood , Chris McDaniel and any other political blow hard that is trying to pander to the coast.

Anonymous said...

The hogs are lining up at the trough....

Anonymous said...

I doubt the state had much in damages. This money should go to the Coast. I am not a fan of Hoods, but he is right on this one. Our Governor and Legislature will try to cover up their blunders over this last session.

Spread The Cheer.. said...

Tupelo suffered greatly from this mishap and we need to develop a shopping venue up there similar to Ridgeland's Renaissance. Haley will consult.

Anonymous said...

A million for the state, a million for me, right on down the line as long as it will last.

Anonymous said...

That is almost enough to cover next month's state budget shortfall.

Anonymous said...

Tater is so pissed General Hood actually knows how to crunch numbers.

Anonymous said...

6/7ths of sales tax goes to state. 1/7 goes to local municipality. So yeah, the state coffers lost money.

Anonymous said...

Um....ask any restaurant or hotel owner on the coast if they saw a revenue decline. And 7:07 is right, that revenue decline directly affected the state sales tax collections.

The anti everythings just need to sit this one out.

Anonymous said...

The coastal counties and cities already got a settlement. Let's don't forget that. The state settlement is for the state, not a double up for the coast.

Anonymous said...

I hope Lynn Fitch, Delbert Hosemann or someone who knows how to use a calculator runs in the GOP primary in 2019. If they don't I hope Jim Hood pulls it off. The state will end up like Puerto Rico if the financial mismanagement continues

PappyOdaniel said...

This whole thing has so many layers of consultants, lawyers and advisors the coast will just have to be happy with their empty baseball stadium.

Tainted Oyster said...

The blamers, like 7:51, can continue to pretend the oil-blob effected the state sales tax, the budget screw up, the highway problems and the cost of eggs at Waffle House. Bull Shit.

If every conference, retreat and symposium held in Destin by a Mississippi corporation, government body or other MS entity were held in Mississippi, we'd be just fine.

Anonymous said...

This money belongs to the State. The municipalities will get theirs in a separate funding provided they filed as a claimant.

Anonymous said...

Tate isn't as smart as he would like people to think. I am all in for Jim!

Anonymous said...

Yes, let's not "double" up on the coast. Sounds like a well thought out approach. Rational. Indeed. Why should those people down there receive all of the money? Didn't they get their's already??? We should now spread the love throughout the state....

Yes, the coastal areas have received some BP money already. But nothing like the state settlement. Why should any other part of Mississippi see one cent of this money? One cent?

Please note: the world does not revolve around Jackson, Mississippi and it's more "uppity" suburban neighbors. We might live and pray a little differently than the rest rest of the folks in the great State of Sippi, but we certainly send more than our fair share of tax dollars to the three-ring republican circus in Jackson to manage on our behalf.

I am not a democrat. I am not a republican. I am anti-pig at the trough politicians...no matter the political affiliation. They all start to look the same after a while. One pig after another.

I'm no fan of Hood either, but he is spot on with his assessment of this situation. Sad day for the Mississippi Republican Party when Jim Hood has become the voice of reason. But the three-ring republican circus in Jackson knows what's best for all of us. I sleep better knowing we have elected the best politicians money can buy. They are all hard at work making sure they are serving those that elected them to the extent that the three-ring circus leaders will allow them. Phil, Tate, Gunn. What more could we ask for?

Anonymous said...

Hood might actually pull it off at this rate.

Pheel will be enjoying his "campaign war chest" retirement fund after he leaves the halls of public service at the end of his time as govenor. Who knows, he may try to land Thad's job before too long. He is exactly the kind of political trailblazer I would love to see represent Mississippi on the federal level too. Oh my, what a vision. U.S. Senator Pheel.

Anonymous said...

The money belongs to Hancock, Harrison, and Jackson counties. It sure as hell doesn't need to spent on a parking garage in Starkvegas like some of the Katrina money was.

Also, I'm not sure why some of you think Hood will run in 2019.

Anonymous said...

Jim Hoodbalaya.

Anonymous said...

Delbert runs a self-funding agency and treats people poorly. Don't be fooled by his PR.

Anonymous said...

How much are Mike Moore and Hood's other cronies getting paid on the BP claims?

Anonymous said...

Our Republican dominated state budget has become a disaster. I have always voted Republican, but next time, I am going with Hood. the House Speaker, the Governor and the Lt. Governor must go away.

Anonymous said...

If we can get through Gov. Bryant's miserable second term without the federal government having to take over the state and appoint a competent temporary administrator, I pray that Hosemann will run. We cannot continue on this path.

Anonymous said...

Hood will lose.

Anonymous said...

Changing to a democrat will not make any difference. Remember back. It isn't like there has never been a democrat elected. People just have a short memory span.
Republican or democrat, not a bit of difference. With the leadership the people of Ms. elect we will always be in last place.
Name one single politician who has ever made a difference in the state, democrat or republican.

Anonymous said...

If the gulf coast can have a new taxpayer financed dolphin prison why can't Greenwood or Meridian?

There must be plenty of dolphins so that everywhere wanting their own dolphin prison could have one.

Can't the money also be used to build some more baseball stadiums for economic development?

Anonymous said...

In 2019 I will not vote for another Tea Party Republican so that rules out Reeves and Gunn. I will vote for Lynn Fitch, Delbert Hoseman, or Jim Hood for Governor and a sane and moderate Republican or Brandon Presley for Lt. Gov. We have had enough of financial mismanagement, unconstitutional laws, and obsession about social issues. Time to move on to things that make sense and might actually accomplish something.

Anonymous said...

Funny, that's what the tea party stood for at its inception. That lasted about 3 months.

Anonymous said...

Funny, that's what the tea party claimed to stand for at its inception.

That apparently never was true.




Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel

Archives

Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
.