Mississippi tax collections were higher than expected for the first two months of the state budget year, but a top lawmaker said Friday that it’s too early to know whether the good numbers indicate steady improvement in the state economy.
“I hope we can sustain it,” House Appropriations Committee Chairman Herb Frierson, R-Poplarville, said of the growth. “It takes you four, five or six months to see a trend.”
According to the state Department of Revenue, tax collections for July and August, combined, were 4.3 percent higher than lawmakers estimated. That translates into an extra $26.9 million.
- Miss. business groups speak out against tax hike for roads. (mississippipep.wordpress.com)
- Mississippi Senate Conservatives say “NO” to raising gas and sales taxes. (mississippipep.wordpress.com)
- Senate Conservatives meet with business and education leaders from Metro Area, more meetings planned across state. (mississippipep.wordpress.com)
- How Mississippi turned $3.5 million into $80 million (washingtonpost.com)