Barbour cuts another $41M from Mississippi budget - MSNewsNow.com - Jackson, MS

Barbour cuts another $41M from Mississippi budget

JACKSON, Miss. (AP) - Mississippi Gov. Haley Barbour is cutting another $41 million from the current state budget because revenues are sluggish.

His announcement came Wednesday shortly after top lawmakers met to reduce the estimate of how much money the state will have available to spend in the coming year.

The current fiscal year ends June 30, and the new one begins the next day.

Barbour has now cut $499.5 million from what started last summer as a nearly $6 billion budget.

Earlier this month, lawmakers and the governor restored $86 million by dipping into financial reserves and using federal stimulus money. That brings the cuts to $413.5 million.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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