Mississippi Fiscal Statistics

StatisNostics/State Financials/Mississippi

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20122023

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State Revenue Analysis (Mississippi: 2012–2023)

Population: 2,986,137 → 2,949,965 (-1.2% change)

Overall Revenue Trends

Total Revenue▲ 48.6%

$17,602,736,000 (2012)→$26,152,105,000 (2023)

Per Capita Revenue▲ 50.4%

$5,895 (2012)→$8,865 (2023)

Fund Balances▼ 100%

$6,140,521,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 4.2%

Major Tax Revenue

Property Tax▲ 30.4%

$23,982,000 (2012)→$31,278,000 (2023)

Sales Tax▲ 63.5%

$3,072,243,000 (2012)→$5,022,568,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 335.8%

$210,026,000→$915,234,000

Miscellaneous General Revenue Not Elsewhere Classified▲ 188.1%

$157,530,000→$453,818,000

Regular Highway Charges▲ 179.4%

$1,772,000→$4,951,000

Declining/Slowest Growing Sources

Fines & Forfeits▼ 99.3%

$56,192,000→$367,000

Housing & Community Development Charges▼ 96.0%

$1,341,000→$53,000

Corporation License Tax▼ 93.5%

$146,255,000→$9,530,000

Revenue Forecast

Projected Revenue (Next Year)▲ 3.6%

Estimated: $27,097,860,956

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare27.7%

Total General Sales Taxes19.2%

Individual Income Tax9.2%

Federal Intergovernmental Education5.6%

Hospital Charges5.2%

Federal Intergovernmental Health & Hospitals3.5%

Higher Education Tuition Charges3.3%

Corporation Net Income Tax3.1%

Federal Intergovernmental Highways3.0%

Liquor Stores Revenue1.9%

Motor Fuels Sales Tax1.8%

Miscellaneous General Revenue Not Elsewhere Classified1.7%

Federal Intergovernmental Other1.7%

Insurance Premium Tax1.7%

Higher Education Auxiliary Charges1.3%

Other Selective Sales Taxes1.1%

Interest Earnings1.0%

Donations From Private Sources0.9%

Net Lottery Revenue0.8%

Motor Vehicle License0.8%

Amusement Tax0.8%

Federal Intergovernmental Housing & Community Development0.6%

Tobacco Sales Tax0.5%

Federal Intergovernmental Other Natural Resources0.4%

All Other Not Elsewhere Classified Charges0.4%

Occupation & Business License Not Elsewhere Classified0.4%

Unemployment - Contribution0.4%

Federal Intergovernmental Employment Security Administration0.3%

Other License Tax0.3%

Severance Tax0.2%

Alcoholic Beverage Sales Tax0.2%

Property Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Water Transportation & Terminal Charges0.1%

Local Intergovernmental Other0.1%

Federal Intergovernmental General Support0.1%

Amusement License Tax0.1%

Local Intergovernmental Highways0.1%

Unemployment - Interest Revenue0.0%

Federal Intergovernmental Sewerage0.0%

Corporation License Tax0.0%

Public Utility License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Local Intergovernmental Education0.0%

Workers Compensation - Other Contributions0.0%

Motor Vehicle Operators License0.0%

Regular Highway Charges0.0%

Hunting & Fishing License0.0%

Sale of Property0.0%

Public Utilities Tax0.0%

Parks & Recreation Charges0.0%

Alcoholic Beverage License Tax0.0%

Fines & Forfeits0.0%

Housing & Community Development Charges0.0%

Key Insights

1Total revenue increased by 48.6% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by -1.2%, while per-capita revenue changed by 50.4%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
4Revenue has been relatively stable (avg. fluctuation ~4.2%).

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State Expense Analysis (Mississippi: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 151%

$6,096,214,000→$15,330,870,000

Per Capita Spending▲ 155%

$2,042→$5,197

Population Trends

Population Change▼ 1.2%

2,986,137 (2012)→2,949,965 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 80%

$98,436,000 (2012)→$177,312,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 31%

$264,332,000 (2012)→$346,249,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 211%

$110,136,000 (2012)→$342,590,000 (2023)

General Expenses▼ 57%

$570,768,000 (2012)→$244,642,000 (2023)

Mississippi Key Insights

1Per capita expenditures grew by 155%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 211% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 23%

$6,026,650,000 (2012)→$7,434,199,000 (2023)

Industrial Revenue Debt▼ 100%

$1,146,561,000 (2012)→$0 (2023)

Per Capita Debt▲ 25%

$2,018 (2012)→$2,520 (2023)

Population Trends

Population Change▼ 1.2%

2,986,137 (2012)→2,949,965 (2023)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2023)

Issued:$468,999,000

Retired:$481,857,000

Net Change:$-12,858,000

Debt Retirement Trend

$426,837,000 → $481,857,000▲ 13%

Key Insights

1The state's debt burden per resident grew substantially while population remained relatively flat.