State revenue up. Heat can hurt the economy. Rocket explodes in test: Mississippi Marketplace

State revenue up. Heat can hurt the economy. Rocket explodes in test: Mississippi Marketplace

Audio recording is automated for accessibility. Humans wrote and edited the story. Total revenue collected by the state increased by around $87.59 million, or 1%, for FY 2026. The state fiscal year begins July 1 and ends June 30 of the following calendar year.  Sales tax collections, the largest source of state revenue, were down by $11.91 million or 0.42% year over year. The Individual income tax, which is slowly being phased out, was the secon…

Mississippi brings in $176.7 million above revenue estimate for FY 2026

The Magnolia State’s year-to-date tax collections were $87.6 million, or 1.15% above the prior year’s collections.