Gov. Phil Bryant says he’s considering calling a special legislative session Tuesday to deal with a shortfall as Mississippi’s 2016 budget year comes to a close.
Bryant spokesman Clay Chandler said Friday that Bryant will decide Monday morning after reviewing updated revenue figures whether lawmakers need to be called to Jackson for a special meeting.
Officials have said that unless revenue collections set a June record, Mississippi could be looking at a shortfall of as much as $75 million in the $6 billion-plus budget. Bryant has ordered two rounds of budget cuts and dipped into the state rainy day fund to try to make up for lagging tax collections. But Bryant has only about $5 million left that he can withdraw from the rainy day fund without further legislative authorization.
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