Lawmakers to follow '98 percent rule'
Mississippi lawmakers say they intend to follow their own "98 percent rule" this session as they write a $5.6 billion state budget.
That shouldn't sound like a big deal, but given their actions of the past few years, it is.
A law enacted in the early 1990s says only 98 percent of anticipated revenue should be included in any budget. Part of the remaining 2 percent is supposed to go into cash reserves, and part is supposed to carry forward into the following year's budget -- a head start on funding for the future.
Posted March 26, 2012 - 1:08 pm