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MS Legislature approves nearly $7.9 billion budget. How does that compare to last year?

The Mississippi Legislature has handed a price range to fund the state for Fiscal Year 2024-2025 with nearly $7.9 billion for state businesses, departments and tasks.

The closing funding approval represents a greater than $200 million enhance in state monetary help from FY 2023-2024, which was $7.615 billion.

Among the highest points this session have been a large enhance Ok-12 schooling spending and an inflow of cash in state help for the Mississippi Department of Transportation.

Here are a few of the huge numbers from the $7,866,399,797 complete price range and who bought shorted as in contrast to last yr.

What businesses acquired much less funding?

MDOT acquired $1.438 billion in direct appropriations this yr, which represents a $100 million lower from last yr. However, the company acquired greater than $400 million in different state and American Rescue Plan Act funds.

Most of these funds will go straight towards funding a few of the division’s most necessary tasks. Most notably, a few of that cash will proper into MDOT’s undertaking to modernize I-55, which runs down the center of the state and proper by means of Jackson.

The Mississippi Department of Revenue, acquired about $57 million in funding, exhibiting an about $3 million discount from the $60 million it acquired last yr. MDR is answerable for imposing, regulating and documenting taxes issued to state residents, companies and organizations.

The Institutions of Higher Learning didn’t obtain a lift in funding to lead the state’s eight public universities. The IHL will get about $874 million this coming fiscal yr, exhibiting a big drop from the $934 million it acquired last yr.

Several different state businesses additionally acquired much less cash this yr from Mississippi lawmakers.

The Attorney General’s Office, which serves as the first authorized counsel for the state, will obtain about $21 million to fund it is operations, exhibiting a few $9 million lower from last yr.

The Secretary of State’s Office additionally experiences a drop in funding, receiving $14 million in state appropriations, in contrast to $16 million throughout the 2023 session.

The Mississippi Department of Wildlife, Fisheries and Parks acquired $27.7 million, exhibiting about $4 million in decreased funding

Mississippi House Speaker Jason White, R-West, talks to representatives while gathering his things to leave the chamber on the second to last day at the Mississippi State Capitol in Jackson on Friday. On Friday, state lawmakers approved a record $7.86 billion budget.Mississippi House Speaker Jason White, R-West, talks to representatives while gathering his things to leave the chamber on the second to last day at the Mississippi State Capitol in Jackson on Friday. On Friday, state lawmakers approved a record $7.86 billion budget.

Mississippi House Speaker Jason White, R-West, talks to representatives whereas gathering his issues to depart the chamber on the second to last day on the Mississippi State Capitol in Jackson on Friday. On Friday, state lawmakers authorised a document $7.86 billion price range.

What businesses acquired extra funding?

The Mississippi Department of Education will obtain $3.312 billion, a greater than $300 million enhance from FY 2023-2024. Most of these further funds come from the Mississippi Student Funding Formula, which changed the state’s earlier funding mannequin for Ok-12 Education, the Mississippi Adequate Education Formula.

The Mississippi Department of Corrections will obtain $431 million this upcoming fiscal yr, exhibiting a stark enhance from last yr when it was given solely $407 million to function state prisons and jails.

The Mississippi Division of Medicaid additionally noticed a slight bump in funding this yr, receiving $911 million, in contrast to $909 million in 2023.

The Mississippi Department of Health acquired a rise of about $10 million this yr, rising to $92 million.

With the state price range out of the way in which, Mississippi lawmakers don’t have anything left to do however gavel out for the yr.

The session is slated to finish Saturday morning.

Grant McLaughlin covers state authorities for the Clarion Ledger. He could be reached at [email protected] or 972-571-2335.

This article initially appeared on Mississippi Clarion Ledger: Mississippi Legislature approves $7.86 billion budget for state agencies

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