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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Margaritaville owner files for bankruptcy before landlord hearing
- Delta Council says condition of Highway 6 'of crisis dimensions'
- Severstal completes the sale of Columbus plant to Steel Dynamics
- Another marker going up on Mississippi Country Music Trail
- Researchers fly drone into hurricane for the first time
- House votes for transfer of Yellow Creek Port land to state
- City leaders vote against offering insurance to one adult, possibly same-sex partner