A Farewell to Fordice
Fordice's pro-business stance will long be remembered in Mississippi's history books.
BY J. SCOTT COOPWOOD
Publisher, Delta Business Journal

Governor Daniel Fordice  The winds of political change blew across Mississippi at gale-force velocity in November of 1991 leaving in their wake one disappointed young Democrat, Ray Mabus. The calm after the storm produced Mississippi's first Republican governor in over 100 years, Daniel Kirkwood Fordice.  Fordice, a successful businessman from Vicksburg, espoused the traditional, conservative, Republican message throughout the months of 1991, stating to anyone who would listen that Mississippi had to get its financial house in order. On campaign stops and in media interviews, Fordice said, "We are goingto stop spending more money than we are taking in. The law says 'thou shalt balance your budget every year in Mississippi.'"
His idea that Mississippi should be run like a business caught on and Mississippians elected Fordice as their sixty-first governor.
  "I think that we accomplished a lot of what we set out to do," says Fordice one sunny November afternoon in the Governor's Mansion as he looked back over the past eight years. "We made very few promises back in '91 other than to try to do our best and to bring our business expertise, to running government. The first thing that we worked on was returning the state to fiscal responsibility. The state was absolutely broke when we came into office. There wasn't a dime anywhere in any of our reserve accounts when we came into office."
  Two months after he took office, Fordice was forced by statute to cut $75 million in the state's budget in order to begin the process of bringing the state back into financial order - one of his first moves that brought the Mississippi media down on top of him.
  "Anyone that has ever been in business knows that if your revenue, as in the case of the state, is nothing but a guess, and that's what it is - it's an estimate, then why would you ever want to base a budget on 100 percent of that guess," says Fordice. "So, we proposed to base it on 95 percent of what the revenue estimate was and what we got was 98 percent. We are very proud of this happening in that first session.
  That 2 percent difference allowed us to constitute a cash stabilization balance that is commonly known as a "rainy day fund" that now amounts to $240 million. We went from dead busted to $240 million in the bank that stays there. It is for use only in the type of situation that I faced.
  During those first days in office, Fordice and several members of his staff were reading a letter from State Treasurer, Marshall Bennett, that stated the balance in Mississippi's reserve account was a mere $5,333.00.  One of Fordice's young aides looking over the governor's shoulder as the governor read from the letter remarked that he himself had more money in the bank than the State of Mississippi.
  The decisions Fordice and his team made during that first session have paid-off handsomely for Mississippi during the past eight years.  From the first day, with his director of economic development, Jimmy Heidel in tow, the two implemented some vigorous agendas.  To date, more than 193,189 net new jobs have been created in Mississippi  since January 1992 that have generated capital investments of more than $18.3 billion by new and expanding companies. Last year, Mississippi led the nation in business-startup growth and jobs created from those businesses, according to a report by Dunn & Bradstreet.  The Fordice/Heidel machine has been good for Mississippi business, and in fact, other economic development professionals from around the country have used the their formula and approach when trying to improve other states economical development efforts.
  Gaming also arrived in the state during Fordice's watch.  He was against it.
  "The complete story is that I voted twice against gaming in my home county which is Warren County before I became governor," says Fordice. "As governor, I had to forget my personal feelings concerning gaming and how I had voted on it before, because it became law. It became my task as governor to see that no corruption would take place in this industry in Mississippi, like it had in Louisiana. I was determined to put people on that gaming commission that were of absolute integrity.  My thoughts were "why in the world would anyone want that job?" - it doesn't pay anything, it's a thankless task and I feel that you would be suspect if you wanted that gambling commission job. I went out and twisted the arms of three people that I knew could not be compromised or corrupted. And, that's what I did."
  Fordice's  gaming commission appointments have proven to be good choices and Mississippi has been free from any serious scandals in the state's gaming industry.
  "That's a huge contrast with our sister state Louisiana, right across the Mississippi river, that  has been a welter of corruption in gaming," says Fordice. "The Wall Street Journal  has pointed this out as well."
  Other Fordice administration accomplishments and notables:

  Although Fordice is proud to point out his accomplishments as governor, he does not shy away from talking about his failures and disappointments pointing to his failure to achieve an income tax cut for Mississippians.
  "I have always felt that the citizens of our state are over-taxed," says Fordice. "Here in the times of the best prosperity the state has ever known, it just seems to be high irony that the people who pay the taxes to run the whole machine can't be rewarded with keeping some of that income for themselves. I think that economic history shows that not only is that just and right, but it also further promotes the economic engine. That money can be used so much more effectively in the economy by the people that earned it, than it can after it is filtered through government. I suspect that was my greatest disappointment."
As the conversation comes to end, I asked how he would like to be remembered in Mississippi's history books. Fordice responded, "I would like to be remembered as the guy who straightened out the terrible fiscal condition that the state of Mississippi was in. I would hope that it would be recognized somewhere down the line that I appointed some of the best people in state government that have ever served, like Jimmy Heidel, Director of the Mississippi Department of Economic and Community Development, and Jim Ingram in the Department of Public Safety and many many others. It would be nice to be remembered for things like this."
  No matter how the political winds may blow in the future, and although many may have not always agreed with him, Mississippians will always know where Governor Kirk Fordice stood.  And, Mississippi businessmen and women will owe Fordice a great debt.
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