By Steve Wilson, includes “The pre-election year budget cycle might be Mississippi’s calm before the proverbial hurricane. While predictions on the upcoming state government revenue report for the past fiscal year are rosy, the perils facing Mississippi finances are worse than ever, including a bloated K-12 education spending and a collapsing state pension system. … But an even bigger spoonful of salt is waiting to ruin the state’s fiscal pie. Truth in Accounting’s recent Financial State of the States report rates Mississippi 19th-worst among “sinkhole” states — each state taxpayer owes $10,700 for the state’s $12.6 billion debt, an increase of $300 over last year’s report. …”
Read the full article on: Mississippi Watchdog.org