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February revenue collections in Mississippi climb despite pandemic

Stock photo from Stock Unlimited

Mississippi’s total revenue collections for the month of February FY 2021 are $54,030,393 or 18.24% above the sine die revenue estimate.

The Joint Legislative Budget Committee’s report shows Fiscal YTD revenue collections through February 2021 are $500,313,736 or 14.65% above the sine die estimate. Fiscal YTD total revenue collections through February 2021 are $338,455,607 or 9.46% above the prior year’s collections. The FY 2021 Sine Die Revenue
Estimate is $5,690,700,000.

Image courtesy of the Joint Legislative Budget Committee’

The graph above compares the actual revenue collections to the sine die revenue estimate for each of the main tax revenue sources. The figures reflect the amount the actual collections for Sales, Individual, Corporate, Use and Gaming taxes were above or below the estimate for the month and fiscal year-to-date. The graph also compares fiscal year-to-date actual collections to prior year actual collections, as of February 28, 2021.

Click here to view the full report.

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