Bill > SB2189

This bill brings forward several existing Mississippi Code sections related to the state's budget process for potential amendment, ensuring that proposed agency budgets clearly separate operating expenses from permanent improvements and that total proposed expenditures do not exceed estimated revenues, with a specific limit of 98% of estimated general fund revenue for proposed expenditures from the State General Fund. It also outlines the process for the Governor to submit a balanced budget, including performance measurement data, and specifies that revenues used for the budget must come from existing laws, not proposed new legislation. The bill details the creation and use of the Working Cash-Stabilization Reserve Fund, which is intended for cash flow needs and to cover projected deficits, and the Capital Expense Fund, which is for capital projects, repairs, and renovations, with specific limitations on emergency repairs. Crucially, for fiscal year 2027, the bill directs the State Treasurer, in conjunction with the State Fiscal Officer, to transfer a total of $2.00 from the Capital Expense Fund and the Budget Contingency Fund to the General Fund.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2189.xml