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News  |  Magnolia Tribune  • 
June 20, 2016

Gov. Bryant exploring options to address budget shortfall

Bryant studies options for budget shortfall Sources estimate the state will end the fiscal year on June 30 with a shortfall of between $60 million and $75 million in a budget of about $6.34 billion. That shortfall has many surmising that Gov. Phil Bryant will have to call a special session in the coming days…
News  |  Magnolia Tribune  • 
June 20, 2016

Mississippi tobacco lawsuit trust fund propping up state budget

What happened to Mississippi’s tobacco lawsuit money? The budget summary from the 2016 legislative session shows the fund will have a zero balance on July 1. The state will receive about $116 million for its annual settlement payment in the next few months, but that money won’t be invested for the future. Instead, it will…