Barbour to address budget
Just got word from Gov. Barbour’s office that there will be a press conference at 1 p.m. Thursday in which Barbour will, according to a news release, announce “major decisions” pertaining to the state’s FY10 budget, which has been active about two months now.
With revenues continuing to lag behind even dire estimates — August’s revenue was short about 2 percent — it seems pretty likely that state agencies will have their budgets cut. Barbour has hinted at the possibility the past week or so.
State budget writers are scheduled to meet later this month to start the process of hammering out the spending outline for FY11, which doesn’t start for another 10 months. The outlook, though, is already dim.
As usual, Magnolia Marketplace will be there Thursday and will post the particulars ASAP.