Truth in Accounting

Mississippi

TIA Data

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

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
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

2012 Financial State of Mississippi

2011 Financial State of Mississippi

2010 Financial State of Mississippi

2009 Financial State of Mississippi

Other Resources

Mississippi Annual Comprehensive Financial Reports

Publishing Entity: Mississippi Department of Finance and Administration

IN THE NEWS
Where, Oh Where Are the State Financial Reports?

JULY 31, 2025 | by Sheila Weinberg

At Truth in Accounting, we are wrapping up our annual Financial State of the States report—an in-depth look at each state’s financial condition based on their audited financial statements. This year, as in years past, we are relying on each state’s 2024 Annual Comprehensive Financial Report (ACFR).

But here’s the problem: several states have yet to issue their ACFRs, and time is running out.

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