Slower state revenue growth expected in Mississippi

Nov 14, 2024 · The Magnolia State’s year-to-date revenue collections for the first three months of FY 2025 were $46 million above estimates, yet when factoring in the October decline in collections, Mississippi’s revenues remain above estimates by $18.5 million on the year. State …

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Slower State Revenue Growth Expected In Mississippi

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magnoliatribune.com

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Mississippi Revenues Are At $2.48 B, But Oct. Figures Fell Short

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Nov 13, 2024 · Mississippi revenue growth continued to exceed fiscal-year-to-date predictions for the current fiscal year by the end of October, bringing the state to more than $2.48 billion in …

clarionledger.com

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State Revenue Slows As Phase-in Of Income Tax Cuts Begins

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Oct 10, 2023 · The slowdown in income tax collections is occurring during the first year of a four-year phase-in of a $525 million cut in the state income tax. The use tax collections, a 7% tax …

mississippitoday.org

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Slower Revenue Growth Expected In State | Free News | Leader …

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3 days ago · Given those factors, and others, Miller said the Revenue Estimating Group is recommending a FY 2026 budget estimate of $7.627 billion, an increase of 0.4 percent or …

leader-call.com

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Mississippi Has Experienced Real Economic Growth In The Last Two ...

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Sep 18, 2023 · While this number looks low, he said it is mostly due to the hard hit the state took in 2009. “Economic growth from 2009 until 2014 averaged -0.2% per year. Per capita personal …

magnoliatribune.com

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Revenue Collections Continue To Slow As State ... - Mississippi Today

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Nov 10, 2023 · The state collected $638 million in revenue during October — down $33.7 million from October 2022. For the year, collections are down $52.6 million or 2.09% over the same …

mississippitoday.org

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Mississippi’s Economy Is Rebounding, But Growth Expected To Slow

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May 3, 2021 · Mississippi’s gross domestic product is expected to rise by 2.8% in 2021. Since the Great Recession, the state hasn’t seen growth of more than 1%. Mississippi could have its …

mississippitoday.org

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Mississippi State Economist Cites Strong Growth - Mississippi Today

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Sep 24, 2021 · The national GDP is projected to grow by 5.7% — the best since 1984. Miller said the state’s GDP growth is expected to slow in 2022 to about 1%, which has been the normal …

mississippitoday.org

FAQs about Slower state revenue growth expected in Mississippi Coupon?

Will Mississippi's budget grow more slowly next year?

Tags: Associated Press, politics, taxes, Mississippi JACKSON, Miss. (AP) — Mississippi's budget is expected to grow more slowly next year than it has the past few years, reflecting economic trends with a cooling off of state sales tax collections. ...

Will Mississippi's economy grow faster in the current fiscal year?

The Mississippi economy, based on its gross domestic product, is projected to grow during the current fiscal year at its fastest pace since 1994, according to State Economist Corey Miller. ...

Will Mississippi's economy grow in 2021?

Mississippi’s gross domestic product is expected to rise by 2.8% in 2021. Since the Great Recession, the state hasn’t seen growth of more than 1%. Mississippi could have its biggest spike in economic growth since 2008. But that expected surge doesn’t mean the state’s economy will keep growing. ...

How much does Mississippi's General Fund increase a year?

The general fund increased about 5% a year for each of the past two years and 8% for a year before that. Mississippi’s sales tax collections were “essentially flat” for the first four months of the current budget year, state economist Corey Miller told members of the Joint Legislative Budget Committee. ...

How many jobs did Mississippi gain last year?

Mississippi gained 6,600 jobs through August of this year, which is the best rate of growth since 1998. The state did not lose as many jobs as a share of total employment last year as the U.S. did, contributing to the recovery, and the state’s economy fully reopened sooner than the nation as a whole. ...

Does Mississippi have a strong economy?

As of August, Mississippi has recovered 79.7% of the jobs lost in March and April of 2020, a higher percentage than the U.S. economy. This indicates that Mississippi's economy is currently growing at a stronger rate than the national economy, according to Mississippi state economist, Miller. ...