JACKSON – Gov. Phil Bryant is setting as a goal for the upcoming fiscal year to follow existing law and appropriate only 98 percent of projected revenue.
While the law requiring 2 percent of revenue to be placed in reserves each year has been in existence since the early 1990s, it has been waived multiple times by the Legislature in the 2000s and 2010s with the consent of first Democratic Gov. Ronnie Musgrove and then by Republican Govs. Haley Barbour and Bryant.