JACKSON — State Treasurer Tate Reeves has released a statement in support of recent action by the Joint Legislative Budget Committee.
Reeves wrote: “Today, the Joint Legislative Budget Committee adopted the Revenue Estimating Committee’s revisions from its November estimate — a 0.9 percent increase for FY 2011 and a 1.4 percent increase for FY2012.
“With the economy still recovering, the Revenue Estimating Committee was extremely cautious when forecasting our revisions. I applaud our conservative approach considering the uncertainty of gas prices, unsteady housing market and other economic trends.
“I hope the Legislature and the governor work to craft a budget over the next few weeks that is equally cautious and conservative. The taxpayers deserve no less.”
Source: State Treasurer’s Office