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
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Ex-MDEQ leader Fisher joins Butler Snow
- Former MDEQ Executive Director Trudy Fisher joins Butler Snow
- Federal appeals court: State's abortion law is unconstitutional
- Can Metrocenter rise from the ashes? Again
- Gulf oil rig explosion kills one worker, injures three
- Court hits David Watkins with $600,000 order over Retro Metro issues