Mayor Holloway cites credit concerns in Biloxi budget veto

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BILOXI, Mississippi — Biloxi Mayor A.J. Holloway says he vetoed the Fiscal year 2014-15 budget adopted by the City Council because it provides a spending reserve of only $56,000.

Holloway said Thursday that such a low amount would put the city's credit rating at risk.

Biloxi Council President Kenny Glavan said the council will take the issue up at their next meeting.

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