Gov. Haley Barbour and key legislative leaders have decided the Legislature will have $4.69 billion to spend in the fiscal year that begins next July 1.
As usually happens, the figure could change dramatically before lawmakers complete the 2012 session in May.
The action taken Tuesday by Barbour and the Joint Legislative Budget Commission reflects an estimated revenue growth of 0.7% over the current year.
Lt. Gov. Phil Bryant, committee chairman and governor-elect, says because of slow growth and other sources of 1-time money that must be replaced, the 2012 session will be another difficult one.
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