nems360.com – House tries to ease pain of gov.’s cuts by using rainy day and tobacco funds

The state House is expected to take up legislation today to restore $100 million of the $437.5 million Gov. Haley Barbour has cut out of the budget for the current fiscal year.

Barbour announced his latest round of cuts – about $216 million – on Friday. Those reductions, combined with cuts in September and December, mean that he has reduced most state agencies 8.2 percent.

He is making the cuts because state revenue collections are coming in below the amount needed to fund state government.

On Monday, the House Appropriations Committee passed legislation to take $50 million out of a $230 million rainy day fund and $50 million out of a $200 million tobacco trust fund to restore some of the money.

nems360.com
1/26/10