An accounting glitch prevented state revenue collections from matching the revenue estimate for the month of August by $13.7 million.
The Northeast Mississippi Daily Journal reports that in July, some unnamed retailers reimbursed to the state $17.6 million more in sales tax collections than they owed, according to the revenue report produced by the staff of the Legislative Budget Committee.
In August, the retailers were given credit for the overage. Otherwise, collections for the month of August would have exceeded the estimate.
Meeting the official revenue estimate is important because it represents the amount of money that is budgeted to fund state government.
For the first two months of the current fiscal year, which started July 1, collections are $13.4 million, or 2.3 percent, above the estimate.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.