Legislators up budget estimates for 2014 and 2015
Published: March 25,2014
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Analyst: KiOR Columbus plant may end up sold as scrap
- Gulf oil rig explosion kills one worker, injures three
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Six out of eight universities could have higher tuitions in 2015
- Humana and Bill, Hillary and Chelsea Clinton Foundation partnering
- Federal appeals court: State's abortion law is unconstitutional
- Ex-MDEQ leader Fisher joins Butler Snow
- Can Metrocenter rise from the ashes? Again
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow