Mississippi’s budget increased, cumulatively, more than pop+inf in state funds but less than pop+inf in all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $14.39
- Budget Limit ($ Billions): $14.97
- Budget Limit Growth ($ Billions): 4.03%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $439.15
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $1,757
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $335.61
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $1,342.42
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $26.81
- Budget Limit ($ Billions): $27.89
- Budget Limit Growth ($ Billions): 4.03%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $787.47
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $3,149.88
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($71.82)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($287.27)
Other Considerations
- Economic Freedom (2020) (Rank): 37 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,171 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 36 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,220 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.80% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 21 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 5.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 25 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 30 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 5.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 34 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 7.07% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 22 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.67% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 36 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,032 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 17 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 17.8 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 49 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 12.5 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 48 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 54.40% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 50 [Bureau of Labor Statistics]