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Tag Archives: money

Mississippi lawmakers seek higher reserves, less spending

Top Mississippi lawmakers, seeking to put more money in reserve, propose small cuts for most state agencies in the coming year. The Joint Legislative Budget Committee, meeting Monday, adopted a plan that would cut more than 1 percent from overall state spending in the 2019 budget year, which begins July 1. It would be the second straight decline in state ...

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Analysis: Mississippi budget practices receive mixed grades

A nonpartisan group that evaluates state government budget practices is giving mostly midlevel marks to Mississippi. The Volcker Alliance was formed four years ago by Paul A. Volcker, a former board chairman of the Federal Reserve, with the goal of making government more efficient. The alliance issued a report Nov. 2 called “Truth and Integrity in State Budgeting,” which evaluates all states’ ...

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Analysis: There’s no hiding Mississippi’s economic weakness

Let’s make this simple — Mississippi’s economy is weak and shows few signs of growing stronger. This is a state where total economic output in 2016 still was lower than in 2008, before the recession. Not coincidentally, it’s a state where employers had fewer workers on their payrolls in September 2017 than in February 2008. And that 2008 peak came ...

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Small decrease expected for Mississippi budget next year

Mississippi is on track to have a slightly smaller budget in the coming year under a revenue estimate adopted Wednesday, a change that reflects caution about the state’s economy. Top lawmakers approved a projection that the state will have $5.6 billion available to spend during fiscal 2019, which begins July 1. That is $1.5 million less than the estimate for ...

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As 2017 winds down, Mississippi economic growth looks to be less than 1 percent

By TED CARTER The indicators state economists use to assess the health of Mississippi’s economy showed the same lethargy in August as they did at the start of the year. “August represented another example of the relative sluggishness that has characterized the Mississippi economy in 2017,” said the October edition of Mississippi’s Business prepared by the University Research Center of ...

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BILL CRAWFORD: State contract review process still floundering

Just when you thought it might finally be safe to swim in Mississippi’s contractual storm waters, the MDE and Mississippi True contracts erupted.   As reported by The Clarion-Ledger, “both State Auditor Stacey Pickering and the state’s legislative watchdog ‘PEER’ committee blasted the Mississippi Department of Education (MDE) and vowed further investigation into its contracting and purchasing.”    PEER questioned ...

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BILL CRAWFORD — Quickie budget hearings produce few surprises

The Legislature’s quickie budget hearings produced few surprises last week. Schools, colleges, and universities, as usual, asked for lots more money while legislators, as usual, focused on holding down spending.   One unusual aspect, compared to recent history, was the absence of a looming budget cut due to revenue shortfalls. State tax collections for the first two months of this ...

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Education agency denies auditor’s claim of breaking bid laws

Mississippi State Auditor Stacey Pickering on Thursday accused the Mississippi Department of Education of breaking state laws governing contracts and said he’s continuing to investigate problems. The department, though, denied breaking any laws, saying it would work with Pickering. “We do not agree that we’ve done anything improper or wrong,” department Chief Operating Officer Felicia Gavin told reporters. “We have ...

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Mississippi casino revenue continues to decline in August

Casinos along Mississippi’s Gulf Coast held their own last month, while revenue declines at gambling halls along the Mississippi River continued. State Revenue Department figures released this week show gamblers lost $168 million statewide last month, down 2 percent from August 2016’s $171 million. Receipts rose less than 1 percent to $98 million at the 12 coastal casinos, the fifth ...

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Mississippi economic performance ‘lackluster,’ expert says

An expert is telling state budget writers that Mississippi has had “lackluster” economic performance since the Great Recession. State economist Darrin Webb also says he expects continued slow growth, partly because Mississippi has a large number of people of working age who don’t have jobs. Webb spoke Thursday to members of the Joint Legislative Budget Committee, who started two days ...

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