Barbour Advises Caution on Budget

By: The Associated Press
By: The Associated Press

Gov. Haley Barbour says new revenue estimates will reflect a $192 million increase. He says the high revenue collections could reflect a one-time cash infusion from Hurricane Katrina payments.

The Joint Legislative Budget Committee meets Wednesday. Budget writers are expected to revise the state's fiscal year 2007 general fund estimate. The JLBC had set a $4 billion budget, based on early revenue estimates.

Barbour says as lawmakers begin budget talks their goals should be to avoid pre-planned agency deficits and raids on special funds to generate one-time money for recurring expenses.

He says the revenue growth may be attributed to, in part, Katrina insurance payments or federal monetary assistance given to hurricane victims. Barbour says about $9 billion in Katrina-related payments have flooded the state.

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