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.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- Realtors chooses Nita Wingard
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- No debate, but Cochran and Childers lobby for votes for Senate
- Entergy agrees to cut $35M from its new rate plan
- Politics of paying for transportation: Hand wringing and a lot of talk
- MSU reminding fans that drones are prohibited at football games
- Kemper County plant will cost at least another $496M to complete
- Ford Foundation gives to UM for new science building