Bryant – Aug. sales tax miss estimate by .01 percent

LT. GOVERNOR PHIL BRYANT RELEASES STATEMENT ON AUGUST TAX COLLECTIONS

“According to numbers released by the Department of Revenue, August
collections were .01 percent below the sine die estimate. As we move forward
in this new Fiscal Year, we have seen a consistent downturn in Sales Tax and
Gaming Revenue. Mississippi is not immune from the tough economic times
facing our Nation, but with continued prudent spending, we can weather this
financial storm.”

At a Glance:

Sales Tax below 2.70% or -$4,021,803

Ind. Income Tax above 1.46% or +$1,755,227

Gaming Tax below 4.72% or -$725,091

Total General Fund below 0.01% or -$25,995

(All numbers according to Sine Die FY 2012 Est.)

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9/1/11