State revenue remains sluggish

Through September, the first three months of the fiscal year, Mississippi revenue collections are continuing a downward slide.

According to the September revenue report completed Monday by the staff of the Legislative Budget Committee, the state collected $28.4 million or 2.4 percent less in general fund revenue than it collected during the first quarter of the last fiscal year.

The saving grace is that budget cuts made in August by Gov. Phil Bryant and additional revenue generated by the 2016 Legislature moving fees and assessments normally designated for specific purposes to the general fund appear to be keeping the budget in balance.

Daily Journal
10/25/16