Post by pavel on May 13, 2016 4:03:30 GMT -6
JACKSON - Mississippi legislative leaders said Tuesday that they overestimated how much money the state could collect during the coming budget year by more than $56 million.
Lt. Gov. Tate Reeves and House Speaker Philip Gunn issued a joint statement that attributed the $56.8 million shortfall to a “staff error.” It is about a 1 percent mistake in a $5.8 billion general fund.
The announcement came as state agency directors were already trying to figure out how to handle budget reductions for fiscal 2017, which begins July 1. Legislators approved the budget late last month, and many departments are losing money. Some directors say they will leave jobs unfilled, while others are planning to cut services.
Republicans Reeves and Gunn said no immediate action is needed to fix the mistake in the revenue estimate. They said the shortfall could disappear if tax collections exceed expectations the first half of the budget year, from July through December.
Read more: www.clarionledger.com/story/news/politics/2016/05/10/mississippi-budget-mistake/84191110/
Lt. Gov. Tate Reeves and House Speaker Philip Gunn issued a joint statement that attributed the $56.8 million shortfall to a “staff error.” It is about a 1 percent mistake in a $5.8 billion general fund.
The announcement came as state agency directors were already trying to figure out how to handle budget reductions for fiscal 2017, which begins July 1. Legislators approved the budget late last month, and many departments are losing money. Some directors say they will leave jobs unfilled, while others are planning to cut services.
Republicans Reeves and Gunn said no immediate action is needed to fix the mistake in the revenue estimate. They said the shortfall could disappear if tax collections exceed expectations the first half of the budget year, from July through December.
Read more: www.clarionledger.com/story/news/politics/2016/05/10/mississippi-budget-mistake/84191110/