UPDATE: Barbour says Mississippi revenue falls short in July

JACKSON — Mississippi Gov. Haley Barbour is urging state agency directors to be cautious in how they spend money because state tax collections looking are weak.

Barbour’s office says state revenues in July fell nearly 11.3 percent short of what experts had predicted. That’s a shortage of $26.2 million for the first month of the state fiscal year.

The year-to-year comparisons look even worse.

The state collected $56 million less in July 2009 than it did in July 2008. That’s a 21 percent decrease.

Legislators struggled to write the budget because the recession has made tax collections difficult to predict.

The Associated Press

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