Mississippi revenues exceed estimates to start new fiscal year

The state also collected $567 million over appropriations in the previous fiscal year.

One month into the new fiscal year, Mississippi’s revenues outpaced estimates by $16.9 million.

The Mississippi Legislative Budget Office released its July revenue report on Tuesday showing the state collected 2.95 percent above the legislative estimate for the month. July’s collections were $9,402,762, 1.62 percent above the prior year’s collections.

Leading the revenue gains were sales tax collections, which were $8.7 million above the prior year.

Individual income tax collections for the month of July were also above the prior year by $8.2 million. However, corporate income tax collections for the month were down slightly, coming in below the prior year by $400,000.

The total Fiscal Year 2026 Sin