MS
Mississippi Senate Bill SB2987

Mississippi 2023 Regular Session

Mississippi Senate Bill SB2987

Introduced
2/13/23  
Refer
2/13/23  

Caption

General Fund; FY2024 appropriation to Jackson Redevelopment Authority for the Farish Street redevelopment.

Impact

The enactment of SB2987 is expected to have a profound impact on state laws concerning funding and resource allocation for local redevelopment projects. By channeling state funds into urban improvement initiatives, the bill aligns with efforts to foster economic growth and development in distressed areas, which may improve property values and stimulate local business activities. This investment may also enhance community engagement and perception about the city's commitment to revitalization and urban development initiatives.

Summary

Senate Bill 2987 is an Act that makes an appropriation to the Jackson Redevelopment Authority aimed at defraying expenses related to the repair, improvement, and renovation of Farish Street within the city of Jackson, Mississippi. The bill allocates a significant sum of $22 million for fiscal year 2024 specifically designated for this purpose. It seeks to enhance the infrastructure and aesthetic appeal of a total of twenty-six properties located in the 200 to 300 blocks of Farish Street, targeting revitalization efforts in this historically significant area.

Contention

Notably, while the bill has garnered support for its intention to invest in urban renewal, it may also face scrutiny concerning the proper management and accountability of the funds appropriated. There might be concerns from various stakeholders regarding transparency in the use of these funds and ensuring that the redevelopment efforts genuinely benefit the local community. Discussions may also arise around the balance of public funding versus private development interests, with some advocating for stronger oversight to ensure equitable outcomes.

Latest SB2987 Activity

Companion Bills

No companion bills found.

Previously Filed As

MS SB2988

General Fund; FY2024 appropriation to Jackson Redevelopment Authority for Union Station Transit Hub.

MS HB507

Appropriation; Jackson Redevelopment Authority for the Farish Street Forward Redevelopment Initiative.

MS HB1549

Appropration; Jackson Redevelopment Authority for the Farish Street Forward Redevelopment Initiative.

MS SB3070

General Fund; FY2024 appropriation to Pascagoula Redevelopment Authority for continued economic development.

MS SB2968

General Fund; FY2025 appropriation to City of Jackson for infrastructure projects in Ward 4.

MS HB1944

Appropriation; Jackson Redevelopment Authority to assist with infrastructure, public safety and economic development projects.

MS SB3135

General Fund; FY2024 appropriation to Columbus Redevelopment Authority for Park View - Burns Bottom Project.

MS SB3147

General Fund; FY2025 appropriation to City of Jackson for Thalia Mara renovations and improvements to ensure ADA compliance.

MS HB1550

Appropriation; Jackson Redevelopement Authority for the Union Station Renewed Gateway Redevelopment Initiative.

MS SB2958

General Funds; FY2024 appropriation to MDWFP for Great River Road State Park redevelopment.

Similar Bills

MD HB350

Budget Bill (Fiscal Year 2025)

MD SB360

Budget Bill (Fiscal Year 2025)

MD HB200

Budget Bill (Fiscal Year 2024)

MD SB181

Budget Bill (Fiscal Year 2024)

PA HB611

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

MD HB300

Budget Bill (Fiscal Year 2023)