JACKSON — The Mississippi Legislature is at another impasse on the budget, and Gov. Haley Barbour is ratcheting up his criticism of lawmakers:
In a statement, Barbour said: “It is unfortunate that some members of the House remain blind to budget realities. At (yesterday’s) session of budget negotiators, for example, State Rep. Dirk Dedeaux, chairman of the House Medicaid Committee, said the federal stimulus money is like manna from heaven, and just like manna from heaven it must be eaten that day or it will rot.
“If people think the stimulus money is manna from heaven and we’ll get more of it, they are sadly mistaken. Unlike manna from heaven, once this money is gone, it’s gone for good. The stimulus money Mississippi will receive was appropriated by Congress to be used over three fiscal years. A responsible budget must push as much money forward as we prudently and legally can in order to deal with the difficult fiscal prospects that await us, especially fiscal year 2011, which may be the worst year of the three.
“Legislators need to face up to the fact that this budget isn’t business as usual. Even with the federal stimulus money, there is not enough revenue to cover everything everybody would like to cover.
“The reality is state tax revenue collections are so far below initial projections that if May and June revenues are as bad as April’s, the state faces a $420-million shortfall for the current fiscal year alone. The budget shortfalls for fiscal years 2011 and 2012 are likely to be even worse.”
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info