Mississippi budget writers slightly bump up revenue estimate

budgetsconditionsjpg-570af4f6d557a808JACKSON, Mississippi (AP) — Mississippi’s top elected officials say the outlook for state tax collections is improving, despite a dip during the first months of the current budget year.

Budget writers set new revenue estimates Monday for the remainder of the year that ends June 30, and for the year that starts July 1.

A revenue estimate is an educated guess of how much money the state might collect. The number is important because it is the basis for setting state spending levels.

Republican Gov. Phil Bryant and the Joint Legislative Budget Committee made the changes based on recommendations from state economist Darrin Webb and other experts.

Webb says “non-economic issues” caused the dip in tax collections at the start of the current year, and he believes Mississippi’s economy will continue to grow slowly.

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