Mississippi – MS Democrats sound alarm on state’s ‘financial crisis’

The Clarion Ledger
Bracey Harris , The Clarion-Ledger 6:21 p.m. CT March 14, 2017

Democratic lawmakers made the case Tuesday that there are two causes for Mississippi’s budget woes: the first a “struggling” economy, the other, tax cuts — and lots of them.

In recent years, the Legislature has doled out some 43 tax cuts or breaks, nearly half of which were for sales taxes.

During a news conference at the Capitol, leaders of Mississippi’s Black and Democratic Caucuses sharing figures from the state Department of Revenue. The agency estimated that corporate tax cuts had resulted in the loss of $350 million for the current fiscal year. The figure could be higher, however, as the department was not able to determine the impact for several tax credit programs.

Citing the state’s burdened infrastructure and underfunding of schools, Sen. Bill Stone of Holly Springs, who chairs the Senate Democratic Caucus, postured, “we don’t have enough money to fund the core and basic functions of government.”


For Further Information:

http://www.clarionledger.com/story/news/politics/2017/03/14/democrats-sound-alarm-states-financial-crisis/99166228/