Gov. Haley Barbour on Monday urged Mississippi agencies to closely monitor expenditures as general fund collections in July were $26.2 million, or 11.27%, below estimates. Actual collections for the month fell $56 million, or 21%, compared to July 2008.

“State tax collections in July were much lower than anticipated,” Barbour said in a release. “We cannot ignore the fact that revenues continue to fall below our expectations. State agencies must spend tax dollars responsibly and keep in mind that cuts may be needed in the current fiscal year.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.