State Tax Collections for April Take a Nosedive - - Jackson, MS

State Tax Collections for April Take a Nosedive

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After perking up in March, Mississippi tax collections have fallen short of expectations once again for the month of April.

Governor Haley Barbour said last month's revenue was 8.5% below estimates.

That's a $45.1 million shortfall.

However, Governor Barbour says there will not be a need for additional budget cuts.

He has already trimmed spending five times since the fiscal year began last July.

The state's tax collections have missed the mark 19 out of the last 20 months.

March was the exception.

Governor Barbour says the April numbers confirm the economic recovery could be slow during a global downturn.

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