If passed, House Concurrent Resolution (HCR) 22 would give place a constitutional amendment requiring a balanced state budget on the 2015 ballot. However, the bill authored by Rep. Mark Formby (Pearl River) failed to receive the necessary two-thirds of the House vote. A motion to reconsider has been made and the House may be vote on the measure again.
While the state has routinely balanced budgets, Republican members want to mandate the practice. But the HCR 22 must first be passed by the House and then approved by a majority of voters. The bill does provide, with a two-thirds vote of the House and Senate, relief from the provisions of the amendment in times of war, natural disasters, and economic emergencies.
For More information:
- House Concurrent Resolution 22
- Mississippi House rejects balanced budget amendment
- Mississippi House members reject state balanced budget amendment