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JACKSON, Miss. (AP) — Mississippi Lt. Gov. Tate Reeves says he wants to see whether February tax collections were weak or strong before deciding whether to seek a new, larger revenue estimate for the coming year.
The estimate is experts' best guess of how much money the state could collect, based on economic performance. An increase would make more money available for lawmakers as they enter the final weeks of writing a budget for fiscal 2015, which begins July 1.
More money would ease the way for a teacher pay raise, among other things.
One teacher pay raise plan has already passed the House, and Reeves is revealing his own proposal on Monday. The two chambers must agree on a single plan for teacher pay before anything could go to Gov. Phil Bryant.
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