State Budget Woes

The state budget is falling short. Governor Ronnie Musgrove said today tax collections are 41 million behind projections. And when fiscal year ends June 30, Mississippi will likely be 50 to 100 million dollars behind budget estimates.

The governor says Mississippi's financial state proves he was right when he vetoed budget bills earlier this year saying lawmakers were being too optimistic about economic growth. Lawmakers overturned those vetoes, and many remain optimistic the economy is turning around.

The governor has already sent a memo to state agencies asking them to curb spending by five percent when the new fiscal year begins July first.