Sales tax growth ‘very worrying,’ state’s senior economist warns

Collections for year topped projections but July, August fell below comparable levels of 2010

by Ted Carter

Published: October 16,2011

Tags: Mississippi economy, Sales Tax, SALES TAX GROWTH, sales tax revenues

That spring dip in both the national and Mississippi economy lingered in the Magnolia State through the summer, causing Mississippians to slow their retail spending.

September spending showed a slight rise but still fell short of estimates.

The state Department of Revenue reports sales tax revenues for July and August dropped below the same months of the previous year and that September collections fell $5.6 million short of projections.

Sales tax receipts ended the fiscal year June 30 on a slightly…

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