Gov. Bryant, lawmakers cautious in setting revenue estimate

Bryant met Monday with the Joint Legislative Budget Committee. They agreed on a 1.4 percent increase in the revenue estimate for the current year, which ends June 30. The new total is just over $4.9 billion.

They also agreed on an additional 1.6 percent increase in the estimate for fiscal 2014, which begins July 1, or roughly $5 billion.

Next year’s revenue is projected to be $43.1 million higher than this year’s.

The estimates are based on Mississippi’s slow economic growth.

“The unfortunate part is the economy continues to lag,” said House Speaker Philip Gunn, R-Clinton, who’s on the Budget Committee. “It looks like growth is going to be incredibly slow over the next two years and maybe beyond that.”

Clarion Ledger
11/13/12