Robust state revenue growth may be slowing

State revenue growth slowing

JACKSON – As legislative leaders get ready to meet in the coming days to begin preparing a budget proposal to submit to the 2015 legislative session in January, it appears the robust revenue growth experienced by the state during the past three fiscal years might be slowing.

Through the first two months of the current fiscal year, revenue growth is only $7.77 million, or 1.44 percent, above the official estimate.

The estimate, made by the state’s financial experts and approved by the legislative leadership, is the figure used during the 2014 session to develop a budget to fund state government for the current fiscal year.

Daily Journal
9/7/14