Mississippi sees revenue increase in most recent budget year

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Mississippi government collected nearly 5% more money during the state budget year that recently ended than it did the year before.

JACKSON, Miss. (AP) – Mississippi government collected nearly 5% more money during the state budget year that recently ended than it did the year before.

Newly released information from the Legislative Budget Office shows that’s an increase of about $278 million.

Total state revenue was nearly $6 billion during fiscal 2019, which ended June 30. It was about $5.7 billion in 2018.

Most of the revenue is from tax collections, but the numbers include money the state collected from lawsuits – about $18 million in 2019 and $32 million the year before.

Republican Gov. Phil Bryant says the state had “great year-end numbers.” He noted on Twitter that Republicans have cut taxes “over 50 times in the last eight years.”

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