Mississippi Taxes Give State a 5% Raise

JACKSON, MS (Ben Caxton) — Mississippi’s government collected nearly 5% more money during the state budget year that recently ended than it did the previous year, an increase of about $278 million. Total state revenue was nearly $6 billion during fiscal 2019, which ended June 30. It was about $5.7 billion in 2018. Most of the revenue is from tax collections but the numbers also include money the state collected from lawsuits – about $18 million in 2019 and $32 million the year before. The strongest gain was in collection of the “use tax” which includes taxes people pay for online shopping. That figure increased nearly 27% from 2018 to 2019. Corporate tax collections increased more than 12%. It’s the best year-end budget report the state has received in years.

 


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