Mississippi Fiscal Statistics

StatisNostics/State Financials/Mississippi

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20122024

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State Revenue Analysis (Mississippi: 2012–2024)

Population: 2,986,137 → 2,940,057 (-1.5% change)

Overall Revenue Trends

Total Revenue▲ 57.8%

$17,602,736,000 (2012)→$27,770,456,000 (2024)

Per Capita Revenue▲ 60.2%

$5,895 (2012)→$9,446 (2024)

Fund Balances▼ 100%

$6,140,521,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 4.3%

Major Tax Revenue

Property Tax▲ 26.6%

$23,982,000 (2012)→$30,361,000 (2024)

Sales Tax▲ 65.1%

$3,072,243,000 (2012)→$5,073,044,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Miscellaneous General Revenue Not Elsewhere Classified▲ 591.8%

$157,530,000→$1,089,732,000

Federal Intergovernmental Health & Hospitals▲ 408.4%

$210,026,000→$1,067,720,000

Interest Earnings▲ 261.1%

$126,745,000→$457,631,000

Declining/Slowest Growing Sources

Fines & Forfeits▼ 99.1%

$56,192,000→$525,000

Housing & Community Development Charges▼ 96.6%

$1,341,000→$46,000

Federal Intergovernmental General Support▼ 93.2%

$28,707,000→$1,938,000

Revenue Forecast

Projected Revenue (Next Year)▲ 3.5%

Estimated: $28,755,404,340

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare25.5%

Total General Sales Taxes17.5%

Individual Income Tax8.5%

Federal Intergovernmental Education6.7%

Federal Intergovernmental Other5.3%

Hospital Charges4.2%

Federal Intergovernmental Highways3.6%

Higher Education Tuition Charges3.1%

Motor Fuels Sales Tax2.4%

Corporation Net Income Tax2.2%

Other Selective Sales Taxes2.1%

Unemployment - Contribution1.6%

Liquor Stores Revenue1.5%

Federal Intergovernmental Health & Hospitals1.2%

Higher Education Auxiliary Charges1.1%

Donations From Private Sources1.1%

Insurance Premium Tax1.1%

Miscellaneous General Revenue Not Elsewhere Classified0.9%

Tobacco Sales Tax0.9%

Amusement Tax0.9%

Corporation License Tax0.8%

All Other Not Elsewhere Classified Charges0.8%

Motor Vehicle License0.8%

Interest Earnings0.7%

Severance Tax0.7%

Federal Intergovernmental Other Natural Resources0.6%

Occupation & Business License Not Elsewhere Classified0.5%

Federal Intergovernmental Housing & Community Development0.4%

Other License Tax0.4%

Federal Intergovernmental Employment Security Administration0.3%

Fines & Forfeits0.3%

Natural Resources Not Elsewhere Classified Charges0.3%

Alcoholic Beverage Sales Tax0.2%

Local Intergovernmental Highways0.2%

Motor Vehicle Operators License0.2%

Local Intergovernmental Other0.2%

Rents0.2%

Federal Intergovernmental General Support0.2%

Property Tax0.1%

Water Transportation & Terminal Charges0.1%

Hunting & Fishing License0.1%

Amusement License Tax0.1%

Unemployment - Interest Revenue0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Public Utility License Tax0.1%

Federal Intergovernmental Sewerage0.0%

Federal Intergovernmental Water Utilities0.0%

Parks & Recreation Charges0.0%

Sale of Property0.0%

Workers Compensation - Other Contributions0.0%

Local Intergovernmental Education0.0%

Alcoholic Beverage License Tax0.0%

Public Utilities Tax0.0%

Regular Highway Charges0.0%

Taxes Not Elsewhere Classified0.0%

Housing & Community Development Charges0.0%

Local Intergovernmental Public Welfare0.0%

Royalties0.0%

Death & Gift Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare26.3%

Total General Sales Taxes18.3%

Individual Income Tax8.4%

Hospital Charges5.7%

Federal Intergovernmental Education5.2%

Miscellaneous General Revenue Not Elsewhere Classified3.9%

Federal Intergovernmental Health & Hospitals3.8%

Higher Education Tuition Charges3.4%

Federal Intergovernmental Highways2.8%

Corporation Net Income Tax2.6%

Liquor Stores Revenue1.8%

Insurance Premium Tax1.8%

Interest Earnings1.6%

Motor Fuels Sales Tax1.6%

Federal Intergovernmental Other1.6%

Other Selective Sales Taxes1.3%

Higher Education Auxiliary Charges1.3%

Amusement Tax1.1%

Donations From Private Sources1.0%

Corporation License Tax0.8%

Net Lottery Revenue0.8%

Motor Vehicle License0.8%

Federal Intergovernmental Other Natural Resources0.5%

Tobacco Sales Tax0.4%

Federal Intergovernmental Employment Security Administration0.3%

All Other Not Elsewhere Classified Charges0.3%

Unemployment - Contribution0.3%

Occupation & Business License Not Elsewhere Classified0.3%

Federal Intergovernmental Housing & Community Development0.3%

Other License Tax0.2%

Severance Tax0.2%

Alcoholic Beverage Sales Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Property Tax0.1%

Water Transportation & Terminal Charges0.1%

Local Intergovernmental Other0.1%

Amusement License Tax0.1%

Unemployment - Interest Revenue0.1%

Federal Intergovernmental Sewerage0.1%

Local Intergovernmental Highways0.0%

Public Utility License Tax0.0%

Local Intergovernmental Education0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Regular Highway Charges0.0%

Workers Compensation - Other Contributions0.0%

Motor Vehicle Operators License0.0%

Sale of Property0.0%

Hunting & Fishing License0.0%

Federal Intergovernmental General Support0.0%

Public Utilities Tax0.0%

Alcoholic Beverage License Tax0.0%

Parks & Recreation Charges0.0%

Fines & Forfeits0.0%

Housing & Community Development Charges0.0%

Unemployment-Federal Advances0.0%

Key Insights

1Total revenue increased by 57.8% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by -1.5%, while per-capita revenue changed by 60.2%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
4Revenue has been relatively stable (avg. fluctuation ~4.3%).

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State Expense Analysis (Mississippi: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 172%

$6,096,214,000→$16,572,422,000

Per Capita Spending▲ 176%

$2,042→$5,637

Population Trends

Population Change▼ 1.5%

2,986,137 (2012)→2,940,057 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 92%

$98,436,000 (2012)→$189,368,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 41%

$264,332,000 (2012)→$372,176,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 240%

$110,136,000 (2012)→$374,691,000 (2024)

General Expenses▼ 54%

$570,768,000 (2012)→$265,001,000 (2024)

Mississippi Key Insights

1Per capita expenditures grew by 176%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 240% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 28%

$6,026,650,000 (2012)→$7,696,893,000 (2024)

Industrial Revenue Debt▼ 100%

$1,146,561,000 (2012)→$0 (2024)

Per Capita Debt▲ 30%

$2,018 (2012)→$2,618 (2024)

Population Trends

Population Change▼ 1.5%

2,986,137 (2012)→2,940,057 (2024)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2024)

Issued:$563,774,000

Retired:$549,024,000

Net Change:+$14,750,000

Debt Retirement Trend

$426,837,000 → $549,024,000▲ 29%

Key Insights

1The state's debt burden per resident grew substantially while population remained relatively flat.
2New debt issuance significantly increased the per-resident debt burden (up 30%).