For the 15th straight month, Mississippi’s tax revenue collections have been less than what estimates said they would be.
Numbers released today by the Mississippi State Tax Commission show that November’s revenue is 6.88 percent, or $24.8 million, below projections. For the first five months of FY2010, which started July 1, revenue is $136.6 million short of where the state’s financial experts thought it would be. That’s a 7.38 percent shortfall. If that pace holds, the total deficit for FY2010 will come in a shade under $330 million.
Gov. Haley Barbour has already cut $172 million out of this year’s budget. More cuts are a guarantee. In a statement released this afternoon, Barbour called them “unavoidable” and reiterated that the budget for FY2011 will look nothing like budgets of fiscal years past.
Secretary of State Delbert Hosemann just wrapped a press conference at his Capitol office, in which he unveiled the 2008-2012 Official and Statistical Register of the State of Mississippi, or the Blue Book.
The 768 pages provide almost everything there is to know about counties, municipalities, state agencies, boards and commissions. For the first time, this edition of the Blue Book has municipal election returns.
Hosemann said he wanted this version, the first printed since he took office, to provide a glimpse of where the state is headed, and not just a historical rundown of where the state has been.
“You see a very different Mississippi than 10 or 20 years ago,” Hosemann said, noting how the state’s economy has expanding beyond its agrarian heritage to include things like the Nissan plant in Canton and the Severstal steel mill in Columbus. Data pertaining to Mississippi’s workforce and its largest employers is included.
Hederman Brothers Printing of Ridgeland printed the Blue Book, at a cost to the state of just under $10 per copy. Libraries, schools and public officials will be among those who receive one of the 11,000 copies printed.
The Blue Book is available to the general public on Hosemann’s Web site. Hard copies are free and can be had by calling (601) 359-6344 or by visiting the Secretary of State’s office at 700 North Street in Jackson.