Mississippi Fiscal Statistics

StatisNostics/State Financials/Mississippi

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20122022

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State Revenue Analysis (Mississippi: 2012–2022)

Population: 2,986,137 → 2,966,786 (-0.6% change)

Overall Revenue Trends

Total Revenue▲ 47.2%

$17,602,736,000 (2012)→$25,917,481,000 (2022)

Per Capita Revenue▲ 48.2%

$5,895 (2012)→$8,736 (2022)

Fund Balances▼ 100%

$6,140,521,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 4.5%

Major Tax Revenue

Property Tax▲ 21%

$23,982,000 (2012)→$29,025,000 (2022)

Sales Tax▲ 55.3%

$3,072,243,000 (2012)→$4,770,468,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 836.5%

$210,026,000→$1,966,911,000

Regular Highway Charges▲ 416.6%

$1,772,000→$9,154,000

Federal Intergovernmental Housing & Community Development▲ 235.2%

$77,414,000→$259,466,000

Declining/Slowest Growing Sources

Fines & Forfeits▼ 99.4%

$56,192,000→$331,000

Local Intergovernmental Highways▼ 85.8%

$40,547,000→$5,764,000

Parks & Recreation Charges▼ 83.3%

$7,525,000→$1,254,000

Revenue Forecast

Projected Revenue (Next Year)▲ 8.4%

Estimated: $28,103,788,789

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%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare24.7%

Total General Sales Taxes18.4%

Individual Income Tax9.8%

Federal Intergovernmental Health & Hospitals7.6%

Federal Intergovernmental Education6.0%

Hospital Charges4.8%

Higher Education Tuition Charges3.3%

Corporation Net Income Tax2.7%

Federal Intergovernmental Highways2.1%

Liquor Stores Revenue2.0%

Federal Intergovernmental Other1.8%

Motor Fuels Sales Tax1.7%

Insurance Premium Tax1.5%

Miscellaneous General Revenue Not Elsewhere Classified1.5%

Donations From Private Sources1.2%

Higher Education Auxiliary Charges1.2%

Other Selective Sales Taxes1.1%

Federal Intergovernmental Housing & Community Development1.0%

Corporation License Tax0.9%

Net Lottery Revenue0.8%

Amusement Tax0.8%

Motor Vehicle License0.7%

All Other Not Elsewhere Classified Charges0.5%

Tobacco Sales Tax0.5%

Federal Intergovernmental Other Natural Resources0.4%

Occupation & Business License Not Elsewhere Classified0.4%

Unemployment - Contribution0.4%

Interest Earnings0.3%

Federal Intergovernmental Employment Security Administration0.3%

Other License Tax0.2%

Severance Tax0.2%

Alcoholic Beverage Sales Tax0.2%

Water Transportation & Terminal Charges0.1%

Property Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Local Intergovernmental Other0.1%

Federal Intergovernmental General Support0.1%

Amusement License Tax0.1%

Motor Vehicle Operators License0.1%

Federal Intergovernmental Sewerage0.0%

Unemployment - Interest Revenue0.0%

Regular Highway Charges0.0%

Public Utility License Tax0.0%

Local Intergovernmental Highways0.0%

Local Intergovernmental Education0.0%

Workers Compensation - Other Contributions0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Hunting & Fishing License0.0%

Housing & Community Development Charges0.0%

Public Utilities Tax0.0%

Sale of Property0.0%

Alcoholic Beverage License Tax0.0%

Parks & Recreation Charges0.0%

Fines & Forfeits0.0%

Parimutuels Tax0.0%

Key Insights

1Total revenue increased by 47.2% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by -0.6%, while per-capita revenue changed by 48.2%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
4Revenue has been relatively stable (avg. fluctuation ~4.5%).

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State Expense Analysis (Mississippi: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 132%

$6,096,214,000→$14,158,170,000

Per Capita Spending▲ 134%

$2,042→$4,772

Population Trends

Population Change▼ 0.6%

2,986,137 (2012)→2,966,786 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 65%

$98,436,000 (2012)→$162,351,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 22%

$264,332,000 (2012)→$321,612,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 205%

$110,136,000 (2012)→$335,980,000 (2022)

General Expenses▼ 39%

$570,768,000 (2012)→$347,255,000 (2022)

Mississippi Key Insights

1Per capita expenditures grew by 134%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 205% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 24%

$6,026,650,000 (2012)→$7,447,071,000 (2022)

Industrial Revenue Debt▼ 100%

$1,146,561,000 (2012)→$0 (2022)

Per Capita Debt▲ 24%

$2,018 (2012)→$2,510 (2022)

Population Trends

Population Change▼ 0.6%

2,986,137 (2012)→2,966,786 (2022)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2022)

Issued:$1,369,982,000

Retired:$1,368,781,000

Net Change:+$1,201,000

Debt Retirement Trend

$426,837,000 → $1,368,781,000▲ 221%

🔄 Significant change in retirement strategy detected

Key Insights

1The state's debt burden per resident grew substantially while population remained relatively flat.
2There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.