The Mississippi Legislature will have $170 million more to spend during the 2015 session, which starts in January, than it did during the 2014 session, based on the revenue estimate adopted Monday.
The Legislative Budget Committee, which consists of Speaker Philip Gunn, Lt. Gov. Tate Reeves and legislative leaders, met with a representative of Gov. Phil Bryant to adopt an estimate of the amount of revenue the state is expected to collect during the upcoming fiscal year, which begins July 1.
Based on a recommendation from the state’s financial experts, the Budget Committee and governor adopted an estimate of $5.63 billion for the upcoming fiscal year, which would represent a growth rate of 3 percent if revenue grows for the current fiscal year as expected.