Mississippi state budget (2011-2012)
| Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances. |
The Mississippi state budget for fiscal year 2012 can be accessed here.
Lawmakers approved the fiscal year 2012 General Fund budget of $5.5 billion, which was 2.7 percent larger than the fiscal year 2011 appropriated budget.[1][2][3]
At the end of fiscal year 2012, tax collections were $250 million, or 5.5 percent, higher than expectations.[4]
General Fund appropriations and reappropriations made by the legislature for fiscal year 2012 totaled $5,501,390,060. The legislature also appropriated $14,445,670,447 from special fund sources and reappropriations including federal funds, budget contingency funds, educational enhancement funds, healthcare expendable funds, and tobacco control program funds for the operation of all agencies and functions during fiscal year 2012.[5]
Gov. Barbour said that the state was on track to have about $400 million in various reserve funds at the conclusion of fiscal year 2012, and he opposed a House plan to combine $56.3 million from financial reserves with $122.6 million from an unanticipated Medicaid surplus to help pay for unspecified programs.[5]
Governor's proposed budget
Gov. Haley Barbour's fiscal year 2012 $5.5 billion budget recommendation called for an average eight percent budget cut in light of a $634 million structural deficit.[6][7][6][8]Barbour's proposed budget maintained $185 million in reserves.[7]
Footnotes
- ↑ The Jackson Clarion Ledger, "State agencies seek big budget hikes," September 20, 2011
- ↑ Mississippi Department of Finance and Administration, "Calculated Funds Available for Funding Fiscal Year 2012 Budget," May 5, 2011
- ↑ The Memphis Commercial Appeal, "Barbour urges frugality for state," December 2, 2011
- ↑ The Clarion Ledger, "Analysis: State revenue collections up but no joy," July 16, 2012
- ↑ 5.0 5.1 Bloomberg, "Barbour to Legislature: Don't drain cash reserves," February 4, 2011
- ↑ 6.0 6.1 Stateline.org, "Mississippi budget proposal: Sign of those to come?" November 16, 2010
- ↑ 7.0 7.1 The Clarion Ledger, "Budget: Barbour plan brings more cuts," November 16, 2010
- ↑ The Clarion Ledger, "Mississippi governor spreads the pain in proposed budget cuts," November 16, 2010
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