Magnolia Marketplace has been making the rounds of the Capitol sources this morning, and we’ve got an interesting nugget to pass along: There are strong expectations that the Legislature will adjourn this week without a budget.
Reason being: The state still needs more information from the federal government regarding Medicaid, and how the state will have to adjust to the new FMAP rules. So the plan is to send lawmakers home while all that is ironed out. Once it is, the Legislature will gavel back into session and hammer out a spending plan for fiscal year 2011, which starts July 1.
The same thing last session kept lawmakers at the Capitol literally until the 11th hour. A budget deal wasn’t reached until minutes before the new fiscal year started. There was a significant hue and cry earlier this session to make sure that didn’t happen again. A giant leap toward a repeat of last year appears ready to happen, though.
Dan Turner, spokesman for Gov. Haley Barbour, would not confirm the rumors but did say such a move “wouldn’t necessarily be a bad thing.”
So stay tuned on that front.
Shifting gears, Nissan will hold a press conference Wednesday afternoon to provide an update to its $118 million expansion and restructuring that will make way for production of light commercial vehicles. The LCVs are scheduled to hit the market this fall, once the 2011 model year starts. Magnolia Marketplace wrote a story about this very thing two weeks ago, and the company said then that everything was on track. Wednesday should fill in some of the gaps. We’ll have the particulars once it’s over.