Budget hearings underway

Budget hearings underway

JACKSON, MS (WLBT) –
As state agencies present their budgets for the next fiscal year to a joint legislative budget committee, state economist Darrin Webb told law makers while the threat of a recession still lingers, the state isn’t in one but has yet to return to pre recession levels.

“We’re growing but the growth is at an incredibly slow pace,” said Webb.

Lieutenant Governor Phil Bryant says that slow pace could make the next few years a financial challenge for the state. Bryant expects by the end of the week agencies will have a requested about $1 billion in additional funding to last years budgets.

Those requests will be in conjunction with an anticipated loss.

WLBT
9/20/11