State revenue is sluggish, but interest from federal COVID-19 money is buoying budget ...Middle East

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Mississippi is collecting enough money to fund the current year’s budget passed by the Legislature in 2023 — largely due to interest earnings on federal COVID-19 money — but tax collections remain sluggish. April’s revenue, just released by the staff of the Legislative Budget Committee, was $6.87 million or 0.65% over the estimate. But actual tax collections were $1.3 million below the estimate. The reason total revenue for April was above the estimate is the interest earnings the state is garnering on its surplus money. For the month of April, interest earnings were $8.2 million above the estimate, thanks to the unprecedented amount of surplus money largely from federal COVID-19 spen

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Last updated : 07 May 2024 clock 10:09 PM

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State revenue is sluggish, but interest from federal COVID-19 money is buoying budget ...Middle East

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