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Mississippi tax revenue keeps going up...

Mississippi tax revenue keeps going up indicating growth

By: Sarah Ulmer - May 8, 2019

Total revenue collections for the month of April FY 2019 are $95,074,024 or 12.09% above the sine die revenue estimate. Fiscal YTD revenue collections through April are $214,990,600 or 4.79% above the sine die estimate. Fiscal YTD total revenue collections through April 2019 are $227,815,143 or 5.09% 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 $144,513,600 above the year-to-date FY 2019 revised revenue estimate as of April 2019.

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 April 30, 2019.

View the full report below: 

 

FY 2019_ Revenue Report_04-30-2019 by yallpolitics on Scribd

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