Home » Tag Archives: budget

Tag Archives: budget

Mississippi Senate supports $555M tax cut plan

JACKSON — Mississippi senators on Tuesday overwhelmingly backed a plan to cut business taxes and income taxes by $555 million over 15 years, and House Republican leaders seem increasingly receptive to it. The Senate voted 40-11 to pass House Bill 1629 with 32 Republicans and eight Democrats supporting the bill. The measure would cut individual and corporate income taxes by ...

Read More »

Reeves proposes more income tax cuts, bumping total to $550M

JACKSON — Lt. Gov. Tate Reeves says he wants to cut income taxes by a larger amount than he has previously proposed. The Republican says Monday he wants to increase the size of his tax cut to $550 million over 15 years. That would include $300 million in income tax cuts, eliminating the first $350 of income tax liability for ...

Read More »

Mississippi lawmakers working on early version of budget

JACKSON — Mississippi legislators are working on early proposals to fund state government during the year that begins July 1. The House passed several budget bills Wednesday, including one that would add about $106 million to schools. The proposed education budget includes about $40 million to give pay raises to teachers. It would put tens of millions more dollars into ...

Read More »

Bryant's budget proposal includes income tax cut

JACKSON — Gov. Phil Bryant wants to cut income taxes for low-earning Mississippians as part of his 2016 budget proposal. Bryant, a Republican, said today that he’s seeking a $78.7 million tax cut for families earning less than $50,000 a year. It’s the centerpiece of his spending plan for the 2016 budget year, which begins July 1. Bryant is expected ...

Read More »

Legislators expect a 3 percent spending increase next year

JACKSON — Top Mississippi lawmakers said yesterday they expect a 3 percent increase in state spending during the coming year, reflecting a prediction of modest growth in the state economy. That’s stronger than the 1.1 percent revenue growth rate for the current year over last year, but weaker than the roughly 5.5 percent growth during each of the two previous ...

Read More »

Mississippi budget writers to set FY16 revenue estimate

Top Mississippi lawmakers are preparing to estimate how much money the state can spend during the coming budget year. The Joint Legislative Budget Committee meets Monday afternoon in Jackson. Members will hear experts’ assessment of the state economy. Then, they will set a revenue estimate that will be used as a basis for budget writing. It is an educated guess ...

Read More »

Advocates of low-income residents decry failure to expand Medicaid

JACKSON — Groups supporting low-income Mississippi residents said yesterday that elected officials are ignoring 300,000 people and refusing billions of federal dollars by choosing not to expand Medicaid in one of the poorest states in the nation. If the state were to extend Medicaid, as allowed under the health overhaul that President Barack Obama signed into law, many low-wage workers ...

Read More »

Economist: State's economy expanding, but jobs are not

ACROSS MISSISSIPPI — The state’s economy is gradually growing stronger, but the state still has 44,000 fewer jobs now than it did before the recession, state economist Darrin Webb told legislative budget writers Friday. Employment numbers in the state have been up in some months and down in others. “What you see is sort of sputtering growth in employment,” Webb ...

Read More »

State's Medicaid enrollment growing, spurred by Affordable Care Act

JACKSON — Mississippi’s Medicaid enrollment has grown since January, even as top elected officials continue to oppose expanding the program. Medicaid director David Dzielak told legislative budget writers Friday that the biggest reason for the enrollment increase is a new type of income calculation. He said that under the federal health overhaul law, the Affordable Care Act, administrators are now ...

Read More »

Department of Public Safety asks for $46M increase in funding

JACKSON — The Mississippi Department of Public Safety is requesting a $46 million budget boost in the coming year. That would be a 26 percent increase, from $176 million to nearly $223 million. It would pay for a variety of items, such as up-to-date Crime Lab equipment, and employees such as new state troopers and a new worker to receive ...

Read More »