Mississippi tax collections look rosier in March - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Mississippi tax collections look rosier in March

JACKSON, Miss. (AP) - Mississippi is on track to exceed its projected monthly tax collections for the first time in more than a year and a half.

State Tax Commission spokeswoman Kathy Waterbury says that as of Tuesday, collections were about one-quarter of 1 percent - or $1.2 million - ahead of where experts predicted they'd be in March.

Waterbury says corporate and gaming tax revenues were up significantly, while sales and individual income taxes missed the mark.

Lawmakers struggling to write a budget see the uptick in collections as good news. But experts warn that one month's collections don't indicate a trend.

February marked the 18th consecutive month for tax collections to fall short of expectations.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Powered by Frankly