Mississippi
Mississippi owes more than it owns. |
Mississippi has a -$8,600 Taxpayer Burden.™ |
Mississippi is a Sinkhole State without enough assets to cover its debt. |
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped. |
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt. |
Mississippi only has $12.1 billion of assets available to pay bills totaling $18.7 billion. |
Because Mississippi doesn't have enough money to pay its bills, it has a -$6.6 billion financial hole. To fill it, each Mississippi taxpayer would have to send -$8,600 to the state. |
Mississippi's reported net position is overstated by $1.1 billion, largely because the state delays recognizing losses incurred when the net pension liability increases. |
As of Aug 25, 2025, 421 days after the end of its June 30, 2024 fiscal year, the state had still not released its financial report for that year. This significant delay raises serious concerns about transparency and accountability in the state's financial reporting. |
Prior Years' TIA Reports
2023 Financial State of Mississippi
2022 Financial State of Mississippi
2021 Financial State of Mississippi
2020 Financial State of Mississippi
2019 Financial State of Mississippi
2018 Financial State of Mississippi
2017 Financial State of Mississippi
2016 Financial State of Mississippi
2015 Financial State of Mississippi
2014 Financial State of Mississippi
2013 Financial State of Mississippi
2012 Financial State of Mississippi
2011 Financial State of Mississippi
Other Resources
Mississippi Annual Comprehensive Financial Reports
Publishing Entity: Mississippi Department of Finance and Administration