State Tax Receipts Approach $5 Billion

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Jackson, Miss.

Mississippi's tax revenues have recovered from the recession, approaching the $5 billion mark for the first time.

State Department of Revenue figures show tax receipts grew 5 percent in the 2013 budget year, which ended Sunday. That's a state record, and the first time revenues have exceeded their 2008 total since the recession began.

The strong finish to the budget year means more than $400 million could be waiting in the bank in January, when lawmakers begin setting the 2015 budget.

Top budget writers say they expect pressure from schools, universities and state agencies that saw budgets slashed during four years of austerity.