Home » NEWS » State's revenue collections exceed forecast

State's revenue collections exceed forecast

ACROSS MISSISSIPPI — The latest monthly report from the Department of Revenue shows that Mississippi’s October revenue collections have exceeded the estimate by 5.01 percent, or $20.2 million more than anticipated.

Still, Gov. Haley Barbour says legislators should be conservative in their budget-making process.

“While the October figures are encouraging, they should not be misread as opening a path to more spending,” Barbour said. “We will be spending more than $200 million in federal funds this year that won’t be available in the next fiscal year. These figures, plus the nearly $300 million we have in reserve, will allow us to keep spending at a sustainable level next year but won’t allow significant increases. Cuts and cost-saving proposals will continue to be needed at several agencies until economic conditions improve.”

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>