Tuesday, December 11, 2012

LG releases $5.52 billion budget for 2014.

Lieutenant Governor Tate Reeves announced the proposed 2014 budget in this press release:

JACKSON – The $5.52 billion proposed budget for next year maintains current agency spending while reducing more than 2,000 vacant positions, Lt. Gov. Tate Reeves said Tuesday. The Joint Legislative Budget Committee presented its Legislative Budget Recommendation for Fiscal Year 2014.

The budget also includes $20 million for bridge replacement on state aid roads and an additional $2 million for teacher supply funds.

“This is a realistic budget that keeps spending limited during a down economy while targeting our priorities, which is why education was given an increase over this year,” Reeves said. “The Legislature also will move toward stopping the practice of issuing debt for recurring repairs, and that is why our proposal allocates $20 million for bridge repair from cash not bonds.”

The recommendation by the Joint Legislative Budget Committee spends almost $300 million less than the Executive Budget Recommendation presented by Gov. Phil Bryant last month.

The Legislative Budget Recommendation serves as a starting point for budget talks during the upcoming legislative session. The next fiscal year begins July 2013.


Anonymous said...

Poor bond business environment for the insider law firms like Watkins Ludlum et al. That is why they sold out last year to a New Orleans firm. Poor states like ours will have to gut agencies to keep from raising taxes. Our state tax commission must ramp up electronic business filing to keep revenue in the treasury rather than wasting in their own offices on legacy paper processing.

Anonymous said...

Nobody likes the Goverment until they need some. Then they scream bloody murder until somone comes to their aid.

Anonymous said...


Anonymous said...

Go Tate. Keep the heat up on the liberals and false conservatives like our Guv.

Anonymous said...

Who wants to bet that ChiliCheeseTater, the Faux Debt Hawk, will allow a bond bill to be passed this session. $100 it happens.

Anonymous said...

$5.52 bil? wowsers!

Anonymous said...

If the state leaders sign off on new bonds it will go to Butler Snow or Jones Walker unless we undergo a big state fiscal consolidation with the legal contracts going through the Governors Office instead of the Attorney General.

Anonymous said...

8:50 I hope so. I hope it is at least $150MM.

Anonymous said...

Agree 8:50 PM. Reeves is going to fold. He'll claim he kept his campaign promise the first session and now he's off the hook because of this or that reason. He thinks he can do without Bryant but he can do anything without the House.

Shadowstupid said...

"8:50 I hope so. I hope it is at least $150MM."

I agree 10:13.

Anonymous said...

Tate Reeves wanted a bond bill to pass last year. Not one that was business as usual for the liberals...but one that was less than $100 million that funded the most essential needs. The 2012 bond bill died when the House wanted more in new debt than the Senate would agree to spend.

My guess: there will be a bond bill this year that funds what the Senate views as essential needs or there will be no bond bill.

Anonymous said...

Tate Reeves wanted a bond bill to pass last year.

ROFLMAO. You must be a fool to believe that. CheeseburgerReeve's actions completely and thoroughly undermine your weak attempt at spin.

DoublePepPizzaTate REFUSED to allow the Senate to go to conference with the House to jointly hammer out a mutually acceptable bill.

That's not leadership nor the actions of someone who wanted a bond bill to pass.

Anonymous said...

KF, I'm confused. The above budget document says it is from the Legislative Budget Committee, but you said it is from the Lt. Governor. Which is it? Or does he run the Budget Committee?

Anonymous said...

The budget was released by the Joint Legislative Budget Committee. Gunn is the Chairman of the committee until July 1, then Reeves will be for the next fiscal year.

Reeves just wrote the press release for the Legilative Budget Recommendation.

Anonymous said...

Thanks, 2:54. So, this is the budget proposed by all of the legislative leaders and the Lt. Governor? I appreciate you helping me with this.

Anonymous said...

It is the starting point proposed by the 14 member committee in the link below. It is not supposed to reflect a final budget; just the starting point. It is safe to say that the intent is to spend more than the amounts you find in the LBR.


Anonymous said...

You may not like Tate Reeves, but you can't say he's afraid to cut a budget!

Anonymous said...

When Reeves champions the elimination of SLRP then give us a shout. He's more poseur than leader.

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