State revenues continue to climb. That is good news for the state as the Mississippi Legislature kicks off this week.
The Legislative Budget Office reports revenue collection for the state is up $166 million, or over 6%, above Fiscal Year 2020 estimates as of December 2019.
December FY 2020 General Fund collections were $13,506,067 or 2.58% above December FY 2019 actual collections. Sales tax collections for the month of December were above the prior year by $5.7M. Individual income tax collections for the month of December were above the prior year by $10.6M. Corporate income tax collections for the month of December were below the prior year by $4.8M.
About the Author(s)
Frank Corder
Frank Corder is a native of Pascagoula. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. Frank’s interviews, articles, and columns have been shared throughout Mississippi as well as in national publications. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. Frank has served his community in both elected and appointed public office, hosted his own local radio and television programs, and managed private businesses all while being an engaged husband and father. Email Frank: frank@magnoliatribune.com
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