State tax collections still on decline

August state revenue collections provide insight on why Gov. Phil Bryant opted to make the earliest budget cuts in recent memory.

The Republican governor made cuts totaling $56.8 million last week just days before the August revenue report revealed that state revenue collections still are less than they were during the same time period a year ago.

Revenue collections for July and August, the first two months of the fiscal year, are $23 million or 3.34 percent below the amount collected during the same time period last year, according to a report compiled by the staff of the Legislative Budget Committee.

Daily Journal
9/13/16