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State revenue collections miss May forecast

JACKSON — State revenue collections were down slightly in May. However, it did not surprise Gov. Haley Barbour, and he pointed out that the state is well over forecasts for year-to-date collections.

“Mississippi’s preliminary revenue for May fell 0.52 percent, or $1.8 million, below the estimate,” Barbour said. “While this is a small shortfall, it is consistent with a slowdown in economic growth that is being seen around the country.

“As economic growth has begun to lag, we are blessed that year-to-date revenue is about $38 million above the revised estimate.”

Source: Governor’s Office

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