State’s revenue collections exceed forecast
Published: November 2,2011
ACROSS MISSISSIPPI — The latest monthly report from the Department of Revenue shows that Mississippi’s October revenue collections have exceeded the estimate by 5.01 percent, or $20.2 million more than anticipated.
Still, Gov. Haley Barbour says legislators should be conservative in their budget-making process.
“While the October figures are encouraging, they should not be misread as opening a path to more spending,” Barbour said. “We will be spending more than $200 million in federal funds this year that won’t be available in the next fiscal year. These figures, plus the nearly $300 million we have in reserve, will allow us to keep spending at a sustainable level next year but won’t allow significant increases. Cuts and cost-saving proposals will continue to be needed at several agencies until economic conditions improve.”
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Tommy Robertson indicted on five counts of embezzlement
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Despite obstacles, craft beer industry growing
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- Finding your flexible space — Regus banks on high demand for customizable work spaces
- State's ventures into alt-fuel markets net few jobs
- Miss. children's hospital plans $150 million expansion
- Watch out for wildlife while driving on roads, highways