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Tag Archives: revenues

Reeves: Upcoming budget process to be 'arduous'

JACKSON — Following the Joint Legislative Budget Committee meeting yesterday, Lt. Gov.-elect Tate Reeves said lawmakers should prepare for a tough budget process when they convene. In a statement, Reeves said: “At today’s Joint Legislative Budget Committee meeting, the Revenue Estimating Committee presented a cautious and conservative revenue estimate that is indicative of the effects of the economic downturn and ...

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Merchants Foodservice makes national ranking again

HATTIESBURG — The nation’s 50 largest broadline distributors collectively broke the $100-billion mark in 2010, growing sales 5 percent over sales reported by the 2009 Top 50. It was a strong performance following the 2 percent sales decline the Top 50 experienced in 2009. The performance of the top 10 companies alone paints a bright turnaround picture: In 2009, the ...

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Report: State's casinos recovering from recession

ACROSS MISSISSIPPI — Recovery from the recession began at the Mississippi Gulf Coast casinos in the spring of 2010 and likely will continue over several years, according to the newly-released State of the State annual report on Mississippi casinos. Presented by the Mississippi Casino Operators Association and compiled by economist Scott King, the report shows casino revenue fell by $500 ...

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Lawmakers to hold public hearings on state budget

JACKSON — Top lawmakers will meet later this month to start planning Mississippi’s budget — a process they will hand off to new legislators who take office in January. The Joint Legislative Budget Committee announced yesterday that it would hold public hearings Sept. 19-22 at the Woolfolk Building in downtown Jackson. Lt. Gov. Phil Bryant is the Republican nominee for ...

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State ends fiscal year with money in the bank

JACKSON — State government ended the fiscal year June 30 with about $62 million in the bank. According to Lt. Gov. Phil Bryant, whose office announced the surplus for the month of June, the state collected $581 million in revenue, or 4.2 percent, above the projection. For the entire fiscal year, the state collected 2.2 percent more revenue than it ...

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State revenue collections miss May forecast

JACKSON — State revenue collections were down slightly in May. However, it did not surprise Gov. Haley Barbour, and he pointed out that the state is well over forecasts for year-to-date collections. “Mississippi’s preliminary revenue for May fell 0.52 percent, or $1.8 million, below the estimate,” Barbour said. “While this is a small shortfall, it is consistent with a slowdown ...

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Barbour, lawmakers still at odds over state budget

JACKSON — The Governor’s Office met again yesterday with key budget writers as state leaders continued trying to reach an agreement on a spending plan for next fiscal year and resolve the budget issues that are about to put this year’s session into overtime. House Education Committee chairman Cecil Brown, D-Jackson, who’s also a chief budget architect, said the Democrat-led ...

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Barbour disagrees with committee's revenue estimates

JACKSON — Gov. Haley Barbour is not pleased with the revenue estimates recently adopted by the Joint Legislative Budget Committee. In a statement, Barbour wrote: “I disagree with the decision of the Joint Legislative Budget Committee to increase the revenue estimate for this year and next year by a total of $20.9 million. We cannot rely on imagined revenue when ...

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Agency directors report on impact from budget cuts

JACKSON — Mississippi agriculture officials could stop inspecting meat processing plants. Some state parks could close. Public broadcasting could stop producing some local programming. Those are just a few scenarios provided by directors of Mississippi government agencies if they face deep budget cuts in the year that begins next July 1. Republican Gov. Haley Barbour last month asked the directors ...

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