Tax Revenue Drop Explained

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A computer conversion at the Mississippi Department of Revenue delayed some revenue collections from being posted and contributed to a report that showed a September drop in tax collections.

Agency spokeswoman Kathy Waterbury says the money was actually in the treasury.

Waterbury says all the returns posted within the first few days of October will be reflected in October collections.

A summary of revenue collections for the month of September by the staff of the Legislative Budget Committee revealed collections were $37 million less than for the same month in 2011.