State economist: Miss. revenue bump after Isaac could be ‘inconsequential’ compared to Katrina

State economist: Miss. revenue bump after Isaac could be ‘inconsequential’ compared to Katrina

State economist Darrin Webb says he does not expect Mississippi to see a surge in tax collections after Hurricane Isaac the way it did after Hurricane Katrina.

“My thinking is that while in theory there may be some slight uptick in revenues as a result of Isaac, it will be inconsequential,” Webb told the Northeast Mississippi Daily Journal (http://bit.ly/RA8vKd ).

Republican Lt. Gov. Tate Reeves, who was state treasurer when Katrina hit, agreed with Webb’s assessment.

“The final damage assessments caused by Hurricane Isaac will not be known for some time, but we should not anticipate a shopping spree like we saw after Hurricane Katrina,” Reeves said.

AP
9/9/12