State poised to end year with surplus

JACKSON – House Appropriations Chair Herb Frierson, R-Poplarville, said the state is poised to end the fiscal year later this month with a “substantial” surplus, based on May tax collections.

For May, the state collected $170.9 million, or 44.5 percent, more than the amount the state’s fiscal leaders projected would be collected. Those official projections were used during the 2012 legislative session to fund state government for the current fiscal year.

Northeast Mississippi Daily Journal