Miss. tax collections $94M more than projections

By The Associated Press

JACKSON — The governor’s office says the state collected $94 million more than had been projected for the fiscal year that ended June 30.

The money will go into the state’s reserves, bringing total reserves up to $285 million.

Gov. Haley Barbour in a statement Thursday urged lawmakers to protect the funds.

Barbour says the state has experienced some positive economic growth but the national economic recovery continues to be weak.

The bulk of the state’s revenue comes from taxes on retail items and income. It also collects casino taxes, taxes on insurance premiums and various other sources of money.