Lawmakers say fewer bond projects to get the OK this session

The Sun Herald, 1/20/8

As he wrapped up a recent presentation to lawmakers, Mississippi Treasurer Tate Reeves implored them to practice more restraint in approving projects that would require the state to borrow money.

Reeves explained that repaying the state’s mounting debt takes money away from public education, corrections, Medicaid and other services. More than $400 million in state funding is going to repay debt this year, he said.

Over the next few months, lawmakers will be asked to approve appropriations or bond bills for construction projects at the universities and other state agencies. The state College Board is asking for $130 million for needs on campuses.