State’s revenue collections exceed forecast


Published: November 2,2011

Tags: state budget, state government, tax collections, taxes

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.”

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: