State ends year with surplus, but Barbour urges caution
by For the MBJ
Published: July 8,2011
JACKSON — The state ended fiscal year 2011 with $94 million more in unobligated reserves than expected, leaving $285 million in reserves. This is according to the Governor’s Office.
Still, Gov. Haley Barbour urged conservative budget planning.
In a letter to legislators, Barbour wrote: “As my successor and you begin planning the budget for next fiscal year, I urge you to protect these reserves for FY 2013 and beyond.
“While Mississippi has experienced some positive economic growth with major projects announced in the previous year, we must remember that the national economic recovery is weak, and small- to mid-sized businesses, our main employers, have seen very little growth, despite gains on Wall Street.”
Source: Governor’s Office
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Margaritaville owner files for bankruptcy before landlord hearing
- Delta Council says condition of Highway 6 'of crisis dimensions'
- Severstal completes the sale of Columbus plant to Steel Dynamics
- Another marker going up on Mississippi Country Music Trail
- Researchers fly drone into hurricane for the first time
- House votes for transfer of Yellow Creek Port land to state
- City leaders vote against offering insurance to one adult, possibly same-sex partner