WJTV News Channel 12 - State Revenue Collections Start Out Strong

State Revenue Collections Start Out Strong

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Jackson - Mississippi tax collections for the first quarter of the state's fiscal year - July through August - are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago.
The estimate - made by legislative leaders upon advice of the state's financial experts - is important because it represents the amount of money available for the Legislature to appropriate.
The Northeast Mississippi Daily Journal reports (http://bit.ly/1bCyilv) that Mississippi revenue collections were $19.6 million - about 4.1 percent - above the revenue estimate for September and $64.3 million above for the first quarter of the fiscal year.
However, individual income tax collections are 14.4 percent below the estimate during September. Corporate tax collections are 52 percent above the estimate.
Information from: Northeast Mississippi Daily Journal, http://djournal.com

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