- Associated Press - Saturday, December 15, 2018

HATTIESBURG, Miss. (AP) - A south Mississippi city is in line for millions of dollars in road money after it cleared up accounting problems.

WDAM-TV reports that the Mississippi Department of Transportation notified the city of Hattiesburg Friday that its suspension for failing to turn in audits has been lifted.

The suspension began in 2017 after Hattiesburg didn’t turn in a 2016 audit.

Mayor Toby Barker says the city can now be reimbursed for projects that have already been completed. He says the city can resume applying for federal transportation grants. Barker says getting money flowing again will help Hattiesburg do more infrastructure work.

Barker says completing missing audits means the city is also asking bond-rating agencies to resume grading its debt. Moody’s Investors Service stopped rating Hattiesburg in 2016 because of audit problems.



___

Information from: WDAM-TV, http://www.wdam.com

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide