Late revenue report follows declining collection trends

Mississippi’s July revenue report, released on Monday during the final days of August, reveals the state collected $11.5 million or 3.9 percent less than it did during July 2015.

The staff of the Legislative Budget Committee normally has the monthly report finished within a week of the end of the month. Legislative staff said the delay in the July report resulted from having to deal with legislative changes made during the 2016 session in how revenue is collected and with end-of-fiscal-year closeout issues.

At any rate, the report continued the string of bad news confronting legislators and Gov. Phil Bryant in regards to the budget and revenue collections.

Daily Journal
8/30/16