Miss. not expected to get post-Isaac revenue leap - Action News 5 - Memphis, Tennessee

Miss. not expected to get post-Isaac revenue leap

JACKSON, Miss. (AP) - State economist Darrin Webb says he does not expect Mississippi to see a surge in tax collections after Hurricane Isaac the way it did after Hurricane Katrina.

Webb tells the Northeast Mississippi Daily Journal (http://bit.ly/RA8vKd ) that there might be a slight uptick in revenue because of spending for Isaac recovery, but he thinks the increase will be "inconsequential."

Isaac was a much smaller storm than Katrina, and officials say there will be much less federal money pumped into the state.

Katrina struck on Aug. 29, 2005, less than two months after the state's 2006 budget year started. Revenue collections that fiscal year grew 12.8% - the first double-digit increase since 1994, when casino gambling was getting started in the state. In 2007, Mississippi experienced another double-digit growth in revenue.

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