AP – Miss. tax collections beat expectations in August

JACKSON, Miss. — Mississippi tax collections beat expectations in August for the second month in a row, but state leaders said it’s too soon to declare the state economy has rebounded from the recession.

Department of Revenue spokeswoman Kathy Waterbury said Tuesday that preliminary numbers showed all three major tax categories – sales, individual income and corporate income – were up for the month.

Republican Lt. Gov. Phil Bryant said this was the third time in the past 25 months for Mississippi’s tax collections to exceed projections, and that it’s a good sign.

“I think it is trending in the right direction,” Bryant said in an interview. “But there are some things that could affect it. We’d love to see how the next several months go.”

AP
8/31/10