Mississippi’s Economy Growing in Strength, Conservative Budgeting Principles and Economic Development are Key

> State Receives Fourth Consecutive Silver Shovel Award for Economic Development Success
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> NESHOBA COUNTY FAIRGROUNDS—Gov. Phil Bryant today highlighted Mississippi’s growing economic success to fairgoers at “Mississippi’s Giant Houseparty”, the Neshoba County Fair.
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> Gov. Bryant has focused much of his administration on creating a thriving business climate in Mississippi, and the state saw revenue growth of almost $317 million from fiscal year 2013 to fiscal year 2014.
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> The governor also announced that Mississippi, for the fourth consecutive year, is the recipient of the Area Development MagazineSilver Shovel Award for excellence in economic development. Since 2012, Mississippi’s economic development efforts have led to the announcement of almost 12,000 new jobs and more than $1.96 billion in private sector investment. Employment figures released for June 2014 show an increase of 36,800 jobs in Mississippi since the depths of the recession.
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> “I’ve said I want every Mississippian who wants a job to have one. I’ve changed that. I want you to have a job even if you don’t want one.”
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> “Mississippi’s economy reached $100 billion for the first time in 2012 and we experienced almost five percent growth from 2013 to 2014,” Gov. Bryant said. “Now, instead of spending all the money, we’ve saved for the future. I called on the Legislature to fill the Rainy Day Fund as we did when I was lieutenant governor, and thanks to conservative leadership, Mississippi now has more than $400 million in reserves to guard against another downturn in the national economy.”
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> The state’s fiscal year 2015 budget also avoids spending “one-time” money on recurring expenses, something the governor has long advocated and modeled in his fiscal year 2015 Executive Budget Recommendation to the Legislature.
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> “Budgeting prudently and saving for the future are critical to Mississippi’s economic health, and so is accountability in spending. Since my time as state auditor, I have said our budget should be based on results and not who you know at the Capitol. I am encouraged that the Legislature has announced its intention to join me in moving toward a performance-based budget model that will be more accountable to Mississippi taxpayers.
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> “We’ve experienced great success in our economic growth, and we’re going to double down on economic development and job creation. Workforce training and improving public education will continue to be critical to our efforts. We’ve invested an additional $241 million into public education since 2011, and this year we enacted a $105 million teacher pay raise program to attract the best and brightest to our classrooms. These efforts, combined with policies like our Third Grade Gate, are putting Mississippi on the path to success.
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> “Our fight to reduce teen pregnancy is also vital to our success as a state, and preliminary figures from the Mississippi Department of Health show teen pregnancy has fallen more than 15 percent from 2011 to 2013.”
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> Gov. Bryant also highlighted conservative measures that Mississippi has adopted, including establishing the state’s first Second Amendment sales tax holiday, which will waive sales tax on firearms, ammunition and hunting supplies during the first weekend in September; adopting comprehensive criminal justice reform; banning abortions after 20 weeks; and protecting religious freedom from undue government burden.
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> During his 2014 State of the State Address, Gov. Bryant called on the Legislature to add the national motto “In God We Trust” to the Great Seal of the State of Mississippi.
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> “I continue to believe now is the time to stand for our beliefs—our faith, our families, and our nation, and I am proud to have added the simple yet profound words ‘In God We Trust’ to our state’s official seal.
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