Current:Home > MarketsWill Sage Astor-Mississippi Republican governor again calls for phasing out personal income tax in his budget plan -Finovate
Will Sage Astor-Mississippi Republican governor again calls for phasing out personal income tax in his budget plan
EchoSense View
Date:2025-04-10 01:46:26
JACKSON,Will Sage Astor Miss. (AP) — Mississippi Gov. Tate Reeves is renewing his call for legislators to phase out the state’s personal income tax over several years, and he is asking them to spend more money on economic development, highways and the judiciary.
The Republican governor is also requesting additional spending on Capitol Police as the state-run agency is set to gain a wider territory to patrol within the capital city of Jackson.
Reeves on Wednesday released his budget proposals for fiscal 2025, which begins July 1.
The Republican-controlled Legislature could consider the document as they decide how to spend state money. But House and Senate budget writers have a long history of largely ignoring budget recommendations from governors, even when they’re from the same party.
Mississippi is in the process of reducing its personal income tax under a law Reeves signed in 2022. In his new budget proposal, he said he wants to erase the tax by 2029.
“Eliminating the income tax does not require cutting expenditures or raising taxes in other areas,” Reeves said. “Rather, it requires that our government lives within its means.”
The expansion of Capitol Police is mandated in a law enacted last year over objections from some Jackson residents who said it was a way for the white and Republican-controlled state government to steal power from local elected officials in the majority-Black city that is governed by Democrats. The Capitol Police territory expands on July 1.
Reeves — who said during a 2022 appearance in Hattiesburg that it was “as always, a great day to not be in Jackson ″ — offered some praise for the capital city in his budget document.
“It is a wonderful place filled with extraordinary people,” Reeves said Wednesday. “It is a cultural hub for our state, and every person who lives or visits there deserves to feel safe. Despite the vast positives Jackson has to offer, it continues to grapple with a serious crime problem.”
Writing a state budget is a monthslong process, and it usually includes an agreement between the governor and legislative leaders on a revenue estimate — an educated guess of how much money the state can expect to collect, based on economic trends.
However, Reeves refused to agree to a proposed revenue estimate of about $7.5 billion when he met with top lawmakers in November. That is somewhat less than the state is spending in its current budget year. The governor said he thought the figure was “arbitrarily” low, and that could hurt his push for an income tax cut. His budget document Wednesday proposes spending of more than $10 billion in state money.
The 14-member Joint Legislative Budget Committee usually releases its initial spending recommendations in December, but it chose not to do so because of the disagreement with Reeves over the revenue estimate.
The House and Senate have a deadline in early May to decide on spending for education, health care, prisons and other state government services.
veryGood! (675)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- 18 killed when truck plunges into a ravine in southwestern Congo
- Not Gonna Miss My … Shot. Samsung's new Galaxy phones make a good picture more of a sure thing
- Full transcript of Face the Nation, Jan. 21, 2024
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Across Germany, anti-far right protests draw hundreds of thousands - in Munich, too many for safety
- French protesters ask Macron not to sign off on an immigration law with a far-right footprint
- NFL schedule today: Everything to know about playoff games on Jan. 21
- Intel's stock did something it hasn't done since 2022
- Full transcript of Face the Nation, Jan. 21, 2024
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 11-month-old baby boy burned to death from steam of radiator in Brooklyn apartment: NYPD
- Star power of 'We are the World' remains unmatched: Inside the dramatic 1-night recording
- Libya says production has resumed at its largest oilfield after more than 2-week hiatus
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Protestor throws papers on court, briefly delaying Australian Open match between Zverev and Norrie
- Iran is ‘directly involved’ in Yemen Houthi rebel ship attacks, US Navy’s Mideast chief tells AP
- San Francisco 49ers WR Deebo Samuel exits win with shoulder injury
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Mega Millions winning numbers for January 19 drawing; jackpot reaches $236 million
4 Las Vegas high school students indicted on murder charges in deadly beating of schoolmate
Arkansas Gov. Sarah Huckabee Sanders says I absolutely love my job when asked about being Trump's VP
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Turkey investigates 8 bodies that washed up on its Mediterranean coast, including at a resort
43 years after the end of the Iran hostage crisis, families of those affected still fight for justice
Horoscopes Today, January 20, 2024