JACKSON — Top Mississippi lawmakers are increasing the estimate of how much money state government can spend this year and next.
The Joint Legislative Budget Committee made the changes today after hearing that the state economy has performed well the past several months.
Committee members added nearly $150 million to the estimate for fiscal 2014, which ends June 30, and another $98 million to the estimate for fiscal 2015, which begins July 1.
The state will spend roughly $6 billion of state money during fiscal 2015, most of it from the $5.5 billion general fund.
The changes give lawmakers more flexibility during their final days of budget writing. Saturday is the deadline for House and Senate negotiators to file final versions of more than 100 spending proposals for the coming year.
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