Analysis: Mississippi budget practices receive mixed grades

The Volcker Alliance was formed four years ago by Paul A. Volcker, a former board chairman of the Federal Reserve, with the goal of making government more efficient.

The alliance issued a report Nov. 2 called “Truth and Integrity in State Budgeting,” which evaluates all states’ budget practices for fiscal years 2015 through 2017….

…Mississippi received mostly B’s for its three-year averages. It was among the 21 states receiving a three-year average of an A for the category of budget maneuvers….

…Mississippi received three-year average of C for budget forecasting, with a C for 2015 and a D for both 2016 and 2017. The report says Mississippi did not follow best practices for making multiyear forecasts of either how much money the state would collect or how much money it would spend.

Clarion Ledger