April 20, 2016
Most state agencies will have to take a $25 million budget cut spread across the board due to low revenue, a https://twitter.com/PhilBryantMS/status/722823459516997632">letter from Gov. Phil Bryant states.
The budget cut will mean a .43% cut to most state agencies' budgets except Vocation and Technical Education, Student Financial Aid, Schools for the Blind and Deaf, Veterans Affairs and Military will be excluded as well as "agencies excluded due to court orders or statutory exemptions."
The governor is also taking $10 million from the state's rainy day fund to stabilize the fiscal-year 2016 budget. In his letter to Kevin Upchurch at the Department of Finance, Gov. Bryant says he is hopeful that $35 million is "will be sufficient and that no further action will be necessary in FY 2016."
Revenue collections through March have been $122 million below the revenue estimates used when the FY2016 budget was adopted, the letter states.