Skip to content
Home
>
Business
>
Halfway through fiscal year,...

Halfway through fiscal year, Mississippi state revenues exceeding estimates by over half a billion dollars

By: Frank Corder - January 10, 2022

State collected $106.8 million above estimate in December.

Halfway through the 2022 fiscal year, the Mississippi state revenues continue to outpace budget estimates.

For the month of December 2021, total revenue collections were $106,793,974 or 21.22%
above the sine die revenue estimate. Fiscal YTD revenue collections through December 2021 are $545,257,648 or 19.31% above the sine die estimate.

Fiscal YTD total revenue collections through December 2021 are $325,173,198 or 10.68% above the prior year’s collections. The FY 2022 Sine Die Revenue Estimate is $5,927,000,000.

December General Fund collections were $110,079,934 or 22.01% over December FY 2021 actual collections. Sales tax collections for the month of December were above the prior year by $25.3M. Individual income tax collections for the month of December were below the prior year by $4.3M. Corporate income tax collections for the month of December were above the prior year by $83.7M.

About the Author(s)
author profile image

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 such as the Daily Caller. 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.