Mississippi sees revenue increase in most recent budget year

Source: MGN

JACKSON, Miss. (AP) - Mississippi government collected nearly 5% more money during the state budget year that recently ended than it did the year previous year.

Newly released information from the Legislative Budget Office shows that's an increase of about $278 million.

Total state revenue was nearly $6 billion during fiscal 2019, which ended June 30. It was about $5.7 billion in 2018.

Most of the revenue is from tax collections, but the numbers include money the state collected from lawsuits, about $18 million in 2019 and $32 million in 2018.

Gov. Phil Bryant says the state had "great year-end numbers." He noted on Twitter that Republicans have cut taxes "over 50 times in the last eight years."