Miss. tax collections fall short for 18th consecutive month - MSNewsNow.com - Jackson, MS

Miss. tax collections fall short for 18th consecutive month

JACKSON, Miss. (AP) - Mississippi's tax collections have now missed their mark 18 months in a row.

Figures released today (Friday) by the state Tax Commission show that collections fell 12.4 percent short of expectations in February. That's a shortage of $33 million for the month.

Gov. Haley Barbour says he might have to make more budget cuts before the fiscal year ends June 30.

He has already sliced $458.5 million out of what started last July as a nearly $6 billion budget.

Lawmakers are trying to restore about $82 million of those cuts by dipping into the state's financial reserves and using some federal stimulus money.

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