AP – Lawmakers to follow ’98 percent rule’

Lawmakers to follow ’98 percent rule’

Mississippi lawmakers say they intend to follow their own “98 percent rule” this session as they write a $5.6 billion state budget.

That shouldn’t sound like a big deal, but given their actions of the past few years, it is.

A law enacted in the early 1990s says only 98 percent of anticipated revenue should be included in any budget. Part of the remaining 2 percent is supposed to go into cash reserves, and part is supposed to carry forward into the following year’s budget — a head start on funding for the future.

AP
3/26/12