Jackson, MS. Treasurer Fitch prepared the attached report on the Fiscal Year 2019 debt service budget request for the Joint Legislative Budget Committee, per their request. JLBC is holding hearings today and tomorrow in preparation for the 2018 Regular Session.
The report includes information on the amount requested for the upcoming Fiscal Year; the use of special funds for debt service; the current accounting of authorized, but unissued debt; and the current accounting of issued, but unspent debt funds. In addition, the report includes potential policy issues for the Legislature to address in the coming session, including reviewing outstanding authorizations, rebuilding short-term borrowing capacity, revising the allocation of interest earned on unspent funds, and renaming bank fees to be more descriptive of their purpose.
The report was accompanied by a list of authorized, but unissued debt and a list of issued, but unspent debt. Both lists are available at request.
JLBC Debt Service