State revenue collections miss forecast again
Mississippi’s revenue collections in May indicate the economy still has not recovered.
May revenue came in at 12.61 percent, or $51 million, below estimates. May was the worst month for tax commission collections since May 2009 and marks the 20th month out of the last 21 months in which revenue collections have fallen short of expectations, according to the Governor’s Office.
“It’s clear that we will have to continue to scrutinize our expenditures closely, as the deep global recession continues to affect our states revenue. However, the adjustments made already appear to be sufficient to stave off any need for additional budget cuts at this time,” Barbour said.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Voters to decide whether hunting, fishing is constitutional right
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- Grand juries charge seven with election violations
- Dak Prescott's autograph fetches a pretty penny
- Butler Snow names Crockoft new office director
- Farm theft investigation recovers $200K in stolen equipment
- C Spire wins national award, cash prize for marketing analytics
- MISSISSIPPI RISING: Time to sell the image