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MS Senate passes bill to transfer funds...

MS Senate passes bill to transfer funds in case of shortfall

By: Magnolia Tribune - February 2, 2017

Senate passes bill in case of revenue shortfall

Amid months of lagging revenue projections, Mississippi lawmakers are planning ahead for a balanced budget. The Senate passed a bill Wednesday that would allow funds to be transferred to the state’s general fund in the event of a revenue shortfall.
Senate Appropriations Chairman Buck Clarke, R-Hollandale, author of the bill, referred to the legislation as a “placeholder” that would give lawmakers the flexibility to make changes later.
“We’re not moving any money around (right now),” he said. “But we have to have this vehicle, so when we get to the end of the process we can make the budget balanced.”

Clarion Ledger

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Magnolia Tribune

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