Tax collections on pace to exceed expectations
ACROSS MISSISSIPPI — Mississippi is on track to exceed its projected monthly tax collections for the first time in more than a year and a half.
State Tax Commission spokeswoman Kathy Waterbury says that as of yesterday, collections were about one-quarter of 1 percent — or $1.2 million — ahead of where experts predicted they would be in March.
Waterbury says corporate and gaming tax revenues were up significantly, while sales and individual income taxes missed the mark.
Lawmakers struggling to write a budget see the uptick in collections as good news. But experts warn that one month’s collections don’t indicate a trend.
February marked the 18th consecutive month for tax collections to fall short of expectations.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Mississippi State makes NSF ranking of research universities
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Chaney drops lawsuit against National Flood Insurance Program
- Hood joins other AGs in efforts to curb copper theft
- Entergy gives $500K grant to The Nature Conservancy
- Sawtimber, pulpwood markets improving, but challenges remain