Mississippi revenue is up, but maybe not enough
Published: June 7,2012
JACKSON — Mississippi tax collections are up, but lawmakers say state agencies still might face budget cuts during the 2013 session.
Because of a sluggish economy, Mississippi still hasn’t recovered from the Great Recession. Tax collections remain below where they were during the fiscal year that ended June 30, 2008.
The Northeast Mississippi Daily Journal reports that for the first 11 months of the current fiscal year, through May, tax collections were 5.2 percent higher than where experts thought they’d be.
That’s good news.
But House Appropriations Chairman Herb Frierson says unless there’s a huge revenue growth in coming months, legislators will look for cuts because they’re trying to stop propping up the budget with sources of money that are available only a single year at a time.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — From Dan and Dixie with love
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Dan Jones rejects IHL offer, won't publicly apologize
- Law to bolster utilities’ economic development efforts gets mixed reactions
- Lawmakers: Time to raze IHL
- Developers withdraw zoning application for former country club
- DAVID WILLIAMS: Smart traffic signals pave way for better driving in connected world
- Rhythm & Blues Hall of Fame planning gets underway
- Office occupancy edged up throughout Metro Jackson