Mississippi revenue collections exceed estimates by $123.3 million for first three months of fiscal year

Mississippi revenue collections exceed.

Key points

• The total revenue estimate for Fiscal Year 2027 was set at $7, 532, 400, 000.
• The Joint Legislative Budget Committee will reconvene on November 4 to review the Legislative Budget Recommendation and adopt a Fiscal Year 2028 revenue estimate.
• Three months into the current fiscal year, Mississippi revenues are exceeding legislative estimates by $123.3 million, or 6.84% over the revenue estimate.
• The state's fiscal year-to-date total revenue is $76.8 million, or 4.15% above the prior year's collections.
• Legislative appropriations leaders met last week to hear budget requests from state agency heads for Fiscal Year 2028.

Mississippi revenue collections exceed estimates by $123.3 million for first three months of fiscal year. By: Frank Corder – October 6, 2026.

In practice, the Joint Legislative Budget Committee published the September revenue report on Tuesday additionally showing that Mississippi revenue collections for the month were $51.6 million, or 7.34% above the revenue estimate.

Notably, the state's fiscal year-to-date total revenue is $76.8 million, or 4.15% above the prior year's collections.

In practice, the total revenue estimate for Fiscal Year 2027 was set at $7, 532, 400, 000.

Driving the revenue numbers for September were general fund collections. It were $17.1 million, or 2.32% above the same month in the prior year.

Sales tax and corporate income tax collections for the month of September were additionally above the same month in the prior year by $12 million and $32.5 million, respectively.

Individual income tax collections for the month were below the prior year by $28.8 million. It is to be projected given that Mississippi is phasing out its personal income tax and has lowered the tax to 4%.

Legislative appropriations leaders met last week to hear budget requests from state agency heads for Fiscal Year 2028. Most all of the presenters requested increases in the coming year. Lawmakers hear FY 2028 budget requests from state agencies.

For context, the Joint Legislative Budget Committee will reconvene on November 4 to review the Legislative Budget Recommendation and adopt a Fiscal Year 2028 revenue estimate. Regarding the Author(s).

Frank Corder is a native of Pascagoula. For almost two decades, he has noted and offered analysis on administration, public policy, business and matters of faith. Frank's interviews, articles, and columns have been shared throughout Mississippi as well as in national publications. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. Frank has served his community in both elected and appointed public office, hosted his own local radio and television programs, and managed private businesses all while being an engaged husband and father. Email Frank: [email protected].

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In short, mississippi revenue collections exceed estimates by $123.3 million for first three months is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.