What’s Happening with the Mississippi Budget?
November 19th, 2012
State General Fund Revenue Estimate: FY 2013 Revised and FY 2014
Recently, Governor Phil Bryant and The Joint Legislative Budget Committee met to discuss the State’s General Fund Revenue Estimate for Fiscal Year (FY) 2013 revised and FY 2014.
The total revised General Fund Revenue Estimate for FY 2013 is $4.9 billion (a 1.4% growth from FY ‘12) and the total General Fund Revenue Estimate for FY 2013 is almost $5 billion.
The bar chart below shows the trend in Mississippi General Fund Revenue Actual and Estimates FY 2008 through FY 2014.
According to State Economist, Darrin Webb, Mississippi’s economy showed some improvement in the last quarter of this year. However, the state has yet to see enough growth to confirm that the state has exited the recession.
Our next post will discuss what these budget trends mean for Mississippi and answer the question, “Where do we go from here?”
Author: Francinia D. McKeithan, Policy Analyst/ SFAI Policy Fellow
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