Friday, April 10, 2020

S&P Affirms Jackson Rating

Jackson Mayor Chokwe Antar Lumumba Prime issued the following statement. 


On Tuesday, April 7, 2020, Standard & Poor’s Global Ratings affirmed its ‘A+’ long-term rating of the City of Jackson's general obligation (GO) debt, during a time when most sectors of the nation’s economy received a downgrade due to the impact of the COVID-19 pandemic.


On March 17th, S&P Global Economics determined that the global and U.S. economies had fallen into a recession. Shortly thereafter, S&P Global Ratings placed the entire U.S. public finance sector on a negative outlook. Despite this, in their credit rating, S&P deemed that the outlook for the City of Jackson is stable.

In their report, S&P noted that "Following multiple years of negative budgetary results, the city rightsized [its] operations and increased tax rates to stabilize its fiscal position, driving operating surpluses in fiscal years 2016 through 2018."

The City's budgetary performance prior to the effects of the COVID-19 pandemic has been strong. Furthermore, S&P's stable outlook reflects that while the impacts from the COVID-19 shutdowns will have an impact on the FY2020 budget performance, they believe that we will be able to weather this storm by taking the necessary measures to respond to this fluid situation, coupled with the recent improvements that we have made in our fund balance and liquidity.

"Today's news from S&P demonstrates that the difficult choices that my Administration has made over the past three years have yielded positive results. Despite the uncertain times that we face as a City, and globally, planning and effective fiscal management have prepared us to weather this storm. I would like to applaud my Director of Administration, LaaWanda Horton and her team for all of their hard work to help the City achieve this positive outcome," said Mayor Chokwe Antar Lumumba.

13 comments:

Anonymous said...

lol right. I guess it’s easy to get surpluses when you’re not spending money to fix anything.

Anonymous said...

"Following multiple years of negative budgetary results, the city rightsized [its] operations and increased tax rates to stabilize its fiscal position, driving operating surpluses in fiscal years 2016 through 2018."

Antard takes credit for two FYs where he wasn't even Mayor.

Anonymous said...

Let’s put it this way- Would YOU loan the city of Jackson money?

TheClintonscantsuicideusall said...

Anyone know if any of the surplus was used to buy this rating?

Anonymous said...

Damn Kingfish, printing the good AND the bad. What's wrong with you? Are you trying to be impartial or something? What the hell kind of media is this?
JEEZ.

Anonymous said...

Reads to me that the administration that righted the ship was Yarber's.

Lumumba's claim to fame is that he hasn't screwed it up, yet.

Of course the bill from the Zoo fiasco hasn't come due and the charges keep racking up daily. Wait until BabyChok figures it out that he can't sell that zoo animal collection for the $6,000,000 he paid for it.

Anonymous said...

He wasnt in office during that time

Anonymous said...

Some of you cannot accept that you were wrong and the disaster you predicted isn't happening.

You also keep confusing the son with his father or unfairly judging him on what his father did or didn't do.

Your children will be screwed if they are judged by YOU.

Anonymous said...

@2:56 PM, wrong about what? Be specific.

PittPanther said...

I'm laughing at the idea that some of you think Yarber actually fixed anything in Jackson, let alone the budget.
I guess you'll say anything to avoid giving Antar any credit.

Antar 2028 for Governor...

Go Baby Chok said...

Based on this, Baby Chok should be able to fix all of Jackson's woes - potable water, streets, waste treatment, crime, zoo, criminal justice...

Anonymous said...

An A+ bond rating for Jackson is great news and is yet another fine accomplishment by our Mayor. You can rest assured that if the bond rating had been poor instead of excellent, all the Jackson haters on here would pin 100% of the blame on the Mayor.

I love Jackson and am ecstatic that we finally have an excellent Mayor.

Anonymous said...

This proves that Mayor Lumumba is ready for the national stage. Can you imagine the progressive power trio of President Lumumba with a Speaker Ocasio-Cortez and a Senate Majority Leader Booker?


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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.


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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
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