State tax collections exceed forecast, but agencies still face budget cuts
Published: June 7,2012
ACROSS MISSISSIPPI — 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 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.
One Response to “State tax collections exceed forecast, but agencies still face budget cuts”
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Comstock quits Tuscaloosa play on falling prices
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- Clinton office complex sold for $20.5 million
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- State certifies school referendum for 2015 ballot
- Williams Brothers General Store is something to count on