Mississippi Fiscal Statistics

StatisNostics/State Financials/Mississippi
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20122021
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State Revenue Analysis (Mississippi: 2012–2021)

Population: 2,986,137 → 2,976,149 (-0.3% change)

Overall Revenue Trends

Total Revenue▲ 38.5%
$17,602,736,000 (2012)→$24,375,153,000 (2021)
Per Capita Revenue▲ 38.9%
$5,895 (2012)→$8,190 (2021)
Fund Balances▲ 88.4%
$6,140,521,000 (2012)→$11,570,917,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 4.3%

Major Tax Revenue

Property Tax▲ 24.6%
$23,982,000 (2012)→$29,885,000 (2021)
Sales Tax▲ 37.7%
$3,072,243,000 (2012)→$4,230,391,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 705.3%
$210,026,000→$1,691,309,000
Regular Highway Charges▲ 262.8%
$1,772,000→$6,428,000
Miscellaneous General Revenue Not Elsewhere Classified▲ 128.3%
$157,530,000→$359,580,000

Declining/Slowest Growing Sources

Fines & Forfeits▼ 99.7%
$56,192,000→$162,000
Local Intergovernmental Highways▼ 93.0%
$40,547,000→$2,837,000
Parks & Recreation Charges▼ 88.3%
$7,525,000→$883,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.8%
Estimated: $26,758,836,157
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare26.2%
Total General Sales Taxes17.4%
Individual Income Tax10.3%
Federal Intergovernmental Health & Hospitals6.9%
Hospital Charges4.8%
Federal Intergovernmental Education4.7%
Higher Education Tuition Charges3.3%
Federal Intergovernmental Highways2.8%
Corporation Net Income Tax2.3%
Liquor Stores Revenue2.1%
Unemployment - Contribution2.0%
Motor Fuels Sales Tax1.8%
Insurance Premium Tax1.6%
Federal Intergovernmental Other1.5%
Miscellaneous General Revenue Not Elsewhere Classified1.5%
Donations From Private Sources1.4%
Higher Education Auxiliary Charges1.3%
Other Selective Sales Taxes1.1%
Corporation License Tax0.9%
Motor Vehicle License0.7%
Net Lottery Revenue0.6%
Tobacco Sales Tax0.6%
All Other Not Elsewhere Classified Charges0.6%
Amusement Tax0.5%
Federal Intergovernmental Other Natural Resources0.4%
Occupation & Business License Not Elsewhere Classified0.3%
Interest Earnings0.3%
Federal Intergovernmental Employment Security Administration0.3%
Other License Tax0.2%
Federal Intergovernmental Housing & Community Development0.2%
Alcoholic Beverage Sales Tax0.2%
Property Tax0.1%
Severance Tax0.1%
Water Transportation & Terminal Charges0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Local Intergovernmental Other0.1%
Federal Intergovernmental General Support0.1%
Motor Vehicle Operators License0.1%
Amusement License Tax0.1%
Unemployment - Interest Revenue0.0%
Federal Intergovernmental Sewerage0.0%
Public Utility License Tax0.0%
Local Intergovernmental Education0.0%
Regular Highway Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Workers Compensation - Other Contributions0.0%
Hunting & Fishing License0.0%
Local Intergovernmental Highways0.0%
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%

Key Insights

  1. 1Total revenue increased by 38.5% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by -0.3%, while per-capita revenue changed by 38.9%.
  3. 3The state's fund balances increased by 88.4%, suggesting improved fiscal health.
  4. 4Revenue has been relatively stable (avg. fluctuation ~4.3%).
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State Expense Analysis (Mississippi: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 21%
$6,096,214,000→$7,353,105,000
Per Capita Spending▲ 21%
$2,042→$2,471

Population Trends

Population Change▼ 0.3%
2,986,137 (2012)→2,976,149 (2021)

Public Safety Expenses

Police Protection▲ 38%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 32%
$0 (2012)→$0 (2021)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 186%
$0 (2012)→$0 (2021)
General Expenses▼ 35%
$0 (2012)→$0 (2021)

Mississippi Key Insights

  1. 1Financial Administration was the fastest growing major expense category at 186% increase
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 3%
$6,026,650,000 (2012)→$6,181,416,000 (2021)
Industrial Revenue Debt▲ 10%
$1,146,561,000 (2012)→$1,258,046,000 (2021)
Per Capita Debt▲ 3%
$2,018 (2012)→$2,077 (2021)

Population Trends

Population Change▼ 0.3%
2,986,137 (2012)→2,976,149 (2021)
⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$999,480,000
Retired:$999,821,000
Net Change:$-341,000

Debt Retirement Trend

$426,837,000 → $999,821,000▲ 134%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.