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Headlines : Mississippi
Miss. House votes to alter budget process
The change would mean any lawmaker who wants to add money to a program, such as education, must cut that same amount from other programs.
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Headlines : Mississippi
Mississippi Gov. Bryant's budget lops 5.5%
Most departments feel decline from last year in $5.49B state budget plan.
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Headlines : Mississippi
Health budget cut feared
Legislative budget writers want to slash the state general fund appropriation for the state Department of Health to $20.7 million - the lowest level it has seen since 1990, when it received $20.3 million.
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Headlines : Mississippi
Bryant sets ambitious goals for Mississippi
New Gov. Phil Bryant advocates performance-based budgeting and said he wants to change the way state spending plans are developed. The ranking House Democrat, Bobby Moak of Bogue Chitto, said changing the budget process is not a popular idea with legislators.
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Headlines : Mississippi
State budget decisions all up to GOP
The Mississippi Legislature again will be looking for ways to cut back on spending as it prepares for the coming budget year - a familiar scenario but with a new cast of lawmakers to figure out how to handle it.
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Gov. Phil Bryant
Office of Governor Bryant
P.O. Box 139
Jackson, MS 39205
Phone: (601) 359-3150
Fax: (601) 359-3741
Kevin Upchurch, Executive Director
Department of Finance & Administration
550 High St., Suite 1301
Jackson, Mississippi 39201
Phone (601) 359- 3402
Fax (601) 359-6758
http://www.dfa.state.ms.us/
2012 Legislative Calendar: Regular Session convenes January 3, adjourns May 5.
Legislative Budget Leaders:
Rep. Johnny Stringer (D), Chair, House Appropriations Committee, jstringer@house.ms.gov 601-739-3663
Rep. Preston Sullivan (D), Vice-Chair, House Appropriations Committee, psullivan@house.ms.gov 662-447-5719
Sen. Eugene S. Clarke (R), Chair, Senate Appropriations Committee, bclarke@senate.ms.gov 601-359-3172
Sen. Terry C. Burton (R), Vice-Chair, Senate Appropriations Committee, dkirby@senate.ms.gov 601-359-3246
Rep. Percy Watson (D), Chair, House Ways and Means Committee, pwatson@house.ms.gov 601-545-1051
Sen. Joey Fillingane (R), Chair, Senate Finance Committee, jfillingane@senate.ms.gov 601-359-3238
Sen. Merle Flowers (R), Vice-Chair, Senate Finance Committee, mflowers@senate.ms.gov 601-359-3211
The current state budget can be found here.
Mississippi is required to pass a "balanced budget." Title 27-103-113 of the State law requires the Legislative Budget Office to prepare an overall balanced budget of the entire expenses and income of the state for each fiscal year. Section 125 states the total proposed expenditures shall not exceed the amount of estimated revenues. The governor and the Joint Legislative Budget Committee adopt the estimate of the general fund revenue. Mississippi law forbids the carrying over of a deficit from one year to the next.
Mississippi has set an expenditures cap, which allows appropriations only up to 98% of the estimated revenue.
In the FY2007 CAFR Budgetary Comparison Schedule the State reports the following governmental fund types: the General Fund, the Health Care Fund, the Capital Projects Fund, Special Revenue Funds, and Permanent Funds. Prior to FY07, it also reported a Debt Service Fund. In FY07, all transactions previously reported in Debt Service Funds are reported in the General Fund. The State budgets on a cash basis plus encumbrances and established three budgetary fund groups: General Fund, Education Enhancement Fund, and the Special Fund. It is unclear how many of the governmental funds are actually budgeted. [from the Institute for Truth in Accounting]
Find the state's bond ratings here.
Mississippi Center for Public Policy
Revenue :
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HEADLINES: Mississippi
Violators hurt state budget
More than 1.1 million vehicles - about 42 percent - that did not update inspection stickers that year. That means the state not only missed out on about $2.2 million in fees, but another $3.6 million went uncollected that would have been dispersed among the inspection businesses statewide.
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Solutions: Mississippi
Educating Children
Parents should have more control over how tax funds are spent on their own children. Our state should allow more freedom for parents to choose - or even create - public schools that best meet their children's needs. T
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Mississippi
Obama signs aid package with millions for Mississippi
President Barack Obama signed an emergency aid package into law Tuesday that includes $249 million in federal funding to expand Mississippi's Medicaid program and save 2,000 education jobs.
