@AGJimHood criticizes tax cuts, advises #msleg on where to spend recovered millions

Hood wants $34M settlement to offset budget shortfalls

Mississippi Attorney General Jim Hood delivered nearly $34 million recovered by his office to the state Treasury Monday and he encouraged the Mississippi Legislature to use the money to offset budget shortfalls for vital state services.

“Hopefully, this will undo some of the damage inflicted to agency budgets because of state leaders’ untimely devotion to tax breaks for big businesses,” Hood said. “Those misguided corporate tax cuts along with the problems associated with Senate Bill 2362 and the Legislature’s mathematical error have led to a reduction of beds at the State Hospital, layoffs at the Department of Revenue and the Forestry Commission, and closure of National Guard armories. Lawmakers will fall far short of collecting the $188 million that they anticipated collecting in the special funds sweep, and I’m concerned that there are more significant budget cuts ahead.”

ClarionLedger
10/10/16