Mississippi : State Data and Comparisons : Data-Z

Mississippi

TIA Data

2023 Financial State of Mississippi (Released 10/03/2024)

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Mississippi owes more than it owns.

Mississippi has a -$6,700 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 $11.4 billion of assets available to pay bills totaling $17.2 billion.

Because Mississippi doesn't have enough money to pay its bills, it has a -$5.9 billion financial hole. To fill it, each Mississippi taxpayer would have to send -$6,700 to the state.

Mississippi's reported net position is understated by $629.4 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 295 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

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