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FY2020 revenue reports still above...

FY2020 revenue reports still above estimates for August

By: Sarah Ulmer - September 5, 2019

Total revenue collections for the month of August FY 2020 are $9,995,224 or 2.49% above the sine die revenue estimate. Fiscal YTD revenue collections through August are $37,080,479 or 5.25% above the sine die estimate. Fiscal YTD total revenue collections through August 2019 are $28,498,048 or 3.98% above the prior year’s collections.

As of August 31, 2019, total revenue collections for the Fiscal Year 2019 are $5,967,792,927, $311.7M above the Sine Die Revenue Estimate of $5,656,100,000 and $186.4M above the Revised Revenue Estimate of $5,781,400,000. An additional $204,636 in revenue was collected in August for FY 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 August 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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