State revenue falls short again in December

JACKSON – Gov. Haley Barbour said Wednesday that December’s revenue collections were 10.76 percent, or $41.2 million, below estimates.

It marks the 16th straight month state revenue has fallen short of expectations, and the 13th straight month in which revenue is less than the previous year.

To deal with the shortfalls, Barbour is asking legislators for authority to cut agency budgets by 10 percent, instead of the current 5 percent, before having to make across-the-board cuts.

He made the request in a letter to House Speaker Billy McCoy and Lt. Gov. Phil Bryant. In the letter, he also noted, “Revenues will not turn a corner anytime soon.”

Read more about this story in Thursday’s Northeast Mississippi Daily Journal.

The Daily Journal