The Tax Man Cometh More Slowly

JACKSON, MS (Ben Caxton) — Mississippi tax collections were slightly worse during the first three months of the current budget year than during the same time last year, despite reports from the Legislative Budget Office and the Department of Revenue that tax collections were 3.5 percent higher this July through September than they were a year ago. This week state economist Darrin Webb told lawmakers that collections were actually six-tenths of 1 percent lower and that the revenue department numbers for this year are inflated because they included cash from unclaimed property and money from a tax refund account. Webb also said money from insurance premiums that appeared in the first quarter of this year should have been counted in the just-ended budget year.



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