Tax Collections Strong in July, August

By: The Associated Press
By: The Associated Press

Jackson, Miss.

Mississippi tax collections are higher than expected for the first two months of the state budget year.

But a top lawmaker says Friday that it's too early to know whether the good numbers indicate steady improvement in the state economy.

House Appropriations Committee Chairman Herb Frierson says it takes several months of tax collections to show whether there's a trend, up or down.

According to the state Department of Revenue, tax collections for July and August, combined, were 4.3 percent higher than lawmakers estimated they'd be. That translates into an extra $26.9 million.

Legislators, meanwhile, are thinking ahead. The Joint Legislative Budget Committee meets Sept. 16-19 in Jackson.

Members will hear state agencies' spending requests for fiscal 2015, which begins next July 1.

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