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State revenues exceed estimate in May

State revenues exceed estimate in May

By: Magnolia Tribune - June 1, 2016

State revenue collections rebound slightly in May

State revenue collections rebounded in May, but the recovery does not seem big enough to offset what was a dismal April.

In May, according to figures from the Department of Revenue, the state collected $453.7 million in revenue – $4.3 million or .96 percent more than the official estimate.

The figures for May, which do not include some earnings on investment or other non-Department of Revenue sources of income, are much better than the figures for April, when revenue collections were $85 million below the estimate.

Daily Journal
6/1/16

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Magnolia Tribune

This article was produced by Y'all Politics staff.