Miss. tax revenue below estimates in Feb.

Published 11:33 pm Wednesday, March 4, 2009

Tax collections in Mississippi fell below estimates in February as $247.9 million went into the general fund last month, according to the state Tax Commission.

February’s figures were $9.7 million, or 3.79 percent, below estimates. It does not include revenue from other sources, such as rent from state agencies and interest money.

Total tax collections in January were $6.2 million below what was anticipated.

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Most of Mississippi’s revenue is from sales taxes and sales taxes were $1.6 million below estimates last month.

The state is $113 million, or 3.9 percent, below estimates for the fiscal year that runs through June 30.