Leaders plan to follow rainy day fund law in upcoming session

JACKSON – Gov. Phil Bryant, Lt.Gov. Tate Reeves and House Speaker Philip Gunn all are in agreement that only 98 percent of the state’s projected revenue for the upcoming fiscal year should be budgeted during the 2017 session.

Setting aside the 2 percent – about $115 million – is the primary reason that both Bryant and the 14-member Legislative Budget Committee, headed by Gunn and Reeves, are proposing spending less for the upcoming fiscal year, beginning July 1, that is currently being expended to fund state government….

…The governor and legislative leaders say they plan to adhere to the law during the 2017 session, which begins Jan. 3.

Daily Journal