Home » NEWS » Govt/Politics » Lawmakers say Bryant can use another $50M to cover deficits

Lawmakers say Bryant can use another $50M to cover deficits

Mississippi lawmakers are giving Gov. Phil Bryant permission to withdraw another $50 million from state reserves to cover deficits in the budget year that ends June 30.

The House and Senate Tuesday approved Senate Bill 2649 and sent it to Bryant, who is expected to sign it.

Bryant has cut $171 million from the state budget since July. He has also withdrawn $50 million from the state rainy day fund — the limit he can take in a year without additional legislative authorization.

When he announced a fourth round of budget cuts Friday, Bryant asked for permission to withdraw more money from the $240 million rainy day fund. He told reporters Monday that he wanted $25 million more in authority, but said he hoped he wouldn’t have to use it.


… 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

About Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *