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Revenue estimates are up for the year,...

Revenue estimates are up for the year, but down for the month of March

By: Sarah Ulmer - April 5, 2019

Total revenue collections for the month of March FY 2019 are $9,227,380 or 2.22% below the sine die revenue estimate. Fiscal YTD revenue collections through March are $119,916,576 or 3.24% above the sine die estimate. Fiscal YTD total revenue collections through March 2019 are $114,279,933 or 3.08% above the prior year’s collections.

On March 25, 2019, the Joint Legislative Budget Committee revised the revenue estimate upward by $125.3M. FY 2019 year-to-date actual collections are $92,437,576 above the year-to-date FY 2019 revised revenue estimate.

The graph above compares the actual revenue collections to the sine die revenue estimate for each of the main tax revenue sources. The figures reflect the amount the actual collections for Sales, Individual, Corporate, Use and Gaming taxes were above or below the estimate for the month and fiscal year-to-date. The graph also compares fiscal year-to- date actual collections to prior year actual collections, as of March 31, 2019.

About the Author(s)
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Sarah Ulmer

Sarah is a Mississippi native, born and raised in Madison. She is a graduate of Mississippi State University, where she studied Communications, with an emphasis in Broadcasting and Journalism. Sarah’s experience spans multiple mediums, including extensive videography with both at home and overseas, broadcasting daily news, and hosting a live radio show. In 2017, Sarah became a member of the Capitol Press Corp in Mississippi and has faithfully covered the decisions being made by leaders on some of the most important issues facing our state. Email Sarah: sarah@magnoliatribune.com
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