State revenue collections exceed estimate for March #msleg

State finally has good month of collections

State revenue collections, which have been sluggish for more than a year, spiked in March even as the Legislature was ending the 2017 session by making major budget cuts because of those ongoing revenue woes.

Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information provided by the Mississippi Department of Revenue. The revenue estimate is important because it represents the amount of money that is believed to be available for the Legislature to appropriate.

Daily Journal
4/5/17