A balance budget is key to economic development

Tuesday Mississippi Lt. Governor Tate Reeves was in South Mississippi talking with business leaders about economic development among other issues. The Lt. Governor said one important aspect of economic development is making certain that Mississippi's fiscal affairs are in order. He said that is needed for the state to have success attracting new business and industry.

"I'm happy to tell you, the fiscal year that just began on July 1, we have a balanced budget that only spends recurring revenue for recurring expenditures," said Reeves. And he added,"we have filled up our rainy day fund."

The Lt. Governor made those comments at the Gulfport Chamber of Commerce's annual legislative luncheon at the Great Southern Club.

Lt. Governor Reeves also told those gathered that education reform this past year included the much needed consolidation of some school districts in Mississippi, as well as, granting a pay raise for teachers.

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