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Tax revenues continue to grow | Mississippi

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www.thecentersquare.com – By Steve Wilson | The Center Square – 2023-08-16 16:27:00

(The Center Square) – According to data from the Mississippi Legislative Budget Office, the state’s tax revenues for July were up 8.17% over the estimate and 3.17% more than last July.

The Magnolia State collected $597.3 million in July, a difference of $21.4 million compared to last year.

Total collections for fiscal 2023, which ended on June 30, added up to $7.69 billion. Minus $6.39 billion in appropriations, that will leave a surplus of $1.31 billion. 

In July, sales tax revenue was up 3.56% compared to the same time last year at $242.6 million compared to $234.2 million last year. 

Individual income tax revenue was up 1.81%, as the state collected $190.8 million versus $187.5 million in July 2022. 

Also showing a big gain by 16% more than the same time last year was the state’s 7% use tax, assessed on all out-of-state sales. Revenue from the tax for July was $34.1 million, an increase of $4.73 million from last July. 

Among the big drops for the state’s revenue were the state’s tax on medical marijuana dispensaries, which dropped by 64.9% from $4.7 million last July to only $1.46 million this year. 

Gas and oil severance tax revenues also took a hit compared to last July. The state collected 37.3% less, $2.46 million compared to $3.93 million the year before. 

Taxes on alcohol and tobacco showed a downward trend this July. The state brought in $21.86 million, a 7.52% reduction from the same time last year ($23.63 million). 

July is the first month of the state’s new fiscal year.

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News from the South - Louisiana News Feed

Louisiana Congressional seats cost less in 2024 election cycle | Louisiana

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www.thecentersquare.com – By Jacob Mathews | The Center Square – 2024-11-14 07:00:00

SUMMARY: In Louisiana’s recent congressional elections, five incumbents faced poorly-funded opponents, leading to a decline in average campaign expenditures. The Federal Election Commission tracks financial activity from January 1 until mid-October. Incumbent U.S. Rep. Steve Scalise received $13.5 million and spent $14.3 million, lower than previous cycles. Rep. Troy Carter raised $1.8 million and spent $1.4 million, also down from 2022. U.S. Rep. Clay Higgins maintained stable spending patterns, while House Speaker Mike Johnson’s financial activity saw a significant boost, raising $17.4 million. Voter turnout was notably down in 2024, reflecting a broader trend alongside decreased campaign spending.

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News from the South - North Carolina News Feed

North Carolina, Arizona most decisive of the battlegrounds | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – 2024-11-13 19:17:00

SUMMARY: Donald Trump’s campaign in North Carolina resulted in a significant win, with 189,311 more votes over Kamala Harris and a 3.4% victory, securing the state’s 16 electoral votes. This marked his third consecutive win in a state that typically favors Republican nominees. Trump campaigned extensively across North Carolina, including in less populated areas. Despite a narrow polling lead of up to 1.2% before the election, he ultimately won the electoral college 312-226 and the popular vote 75.4 million to 72.2 million, outperforming expectations in other battleground states, including a close win in Wisconsin. He made 11 visits to North Carolina.

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News from the South - North Carolina News Feed

Hudson reelected to key Republican chairmanship in House | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – 2024-11-13 18:07:00

SUMMARY: U.S. Rep. Richard Hudson has been re-elected as chairman of the National Republican Congressional Committee, making him the first North Carolinian to hold this position. Following the recent elections, Hudson expressed gratitude for the support from his colleagues and emphasized that the election served as a referendum on President Biden and Democratic policies. He believes that by focusing on issues like lowering prices and securing the border, Republicans can gain voter support by 2026. Hudson, who recently secured his seventh term, aims to leverage the committee’s resources to boost Republican candidates and strengthen party initiatives.

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