State revenue up $88 million

With state revenue running $88 million above the last estimate and another $112.7 million available, the House Appropriations chairman predicts that for the first time in many years there will be heated debate and a fight over extra spending.

The House Appropriations Committee received an overview of the Legislative Budget Office’s recommendation for the 2016 year state budget, which begins Oct. 1…

…House Appropriations Chairman Herb Frierson, R-Poplarville, said the committee also plans to use $112.7 million set aside in the budget since the state has fully funded its “rainy day” fund with more than $400 million.

The state will have more than $200 million extra for the budget without touching the rainy day reserves.

Hattiesburg American
1/8/15