Mississippi Legislature Budget
Budget writers in the Mississippi Legislature set a revenue estimate of $7.6 billion for the year that begins July 1, which is a decrease of 1% from the current year. Legislators are in a session to finish writing the budget for schools, prisons, health care, and other services.
Key Points
- Revenue estimate of $7.6 billion set for the upcoming year
- Decrease of 1% from the current year's budget
- Focus on spending for schools, prisons, and health care
Pros
- Prudent handling of money by legislators
- Planning for budget allocation for essential services
Cons
- Expected reduction in personal income tax may not happen this year