BRADENTON, Fla. — Mississippi Gov. Haley Barbour presented his fiscal 2009 general fund budget to the Legislature yesterday, recommending expenditures of $5.6 billion, which represents only a 0.4% increase over the current year.
As expected, the budget contains no new debt spending. It does provide $314.5 million for payment on outstanding bonds in fiscal 2009. Mississippi has more than $3.1 billion of outstanding general obligation debt.