Government budget and revenue in Mississippi, United States: official figures
Mississippi's state government took in $27.7 billion in fiscal year 2024, $9,375 per resident, 25th lowest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Mississippi state government spend?
The Mississippi state government spent $27.5 billion in fiscal year 2024, or $9,323 per resident, 25th lowest of 50 states (all states: $9,444). Spending was 21.3% higher than in fiscal year 2019 ($22.7 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Mississippi state government have?
Mississippi state government debt outstanding was $7.7 billion at the end of fiscal year 2024, $2,618 per resident, 22nd lowest of 50 states (all states: $3,248). That equals 28% of one year's general revenue; in fiscal year 2019 the debt was $7.2 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Mississippi get?
The federal government provided $11.4 billion to the Mississippi state government in fiscal year 2024, $3,862 per resident and 42.0% of its general revenue, 7th highest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Mississippi spent on?
Public welfare programmes, mainly Medicaid, accounted for $7.3 billion or 64% of Mississippi's federal funds in fiscal year 2024, and education for $1.4 billion (13%).
Source: U.S. Census Bureau · saved copyWhat does the Mississippi state government spend its money on?
Direct state spending on public welfare was $2,742 per resident in fiscal year 2024, 24th lowest of 50 states (all states: $3,000); higher education took $1,056 per resident and highways $459.
Source: U.S. Census Bureau · saved copyHow much does Mississippi give to local governments and schools?
31.7% of Mississippi's state general spending in fiscal year 2024 ($8.6 billion) was paid to other governments, mostly local governments and school districts, 7th highest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Mississippi collect?
Mississippi collected $11.0 billion in state taxes in fiscal year 2025, $3,707 per resident, 18th lowest of 50 states (all states: $4,503). That was 3.3% more than in fiscal year 2024 ($10.6 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Mississippi rely on?
The individual income tax raised $2.4 billion (21.7% of state taxes, 13th lowest share of 50 states) in fiscal year 2025. The general sales tax raised $5.4 billion (49.4%, 8th highest share of 50 states). The largest single tax was the general sales and gross receipts tax (49.4%), followed by the individual income tax (21.7%).
Source: U.S. Census Bureau · saved copyDoes Mississippi have corporate, property or severance taxes?
In fiscal year 2025, in Mississippi, corporate net income tax raised $504.1 million (4.6% of state taxes); state property tax raised $30.2 million; severance tax on oil, gas, coal and minerals raised $43.2 million (0.4% of state taxes).
Source: U.S. Census Bureau · saved copyHow much money does the Mississippi state government hold in reserves?
The Mississippi state government held $36.0 billion in cash and securities at the end of fiscal year 2024, $12,186 per resident, of which $34.5 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Mississippi compares with other states
State government revenue per person (2024)
Mississippi ranks 26 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 23 | Maryland | $9,628 |
| 24 | Virginia | $9,559 |
| 25 | Montana | $9,489 |
| 26 | Mississippi | $9,375 |
| 27 | Arkansas | $9,353 |
| 28 | Washington | $9,320 |
| 29 | Illinois | $9,319 |
State government spending per person (2024)
Mississippi ranks 26 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 23 | Illinois | $9,405 |
| 24 | Pennsylvania | $9,378 |
| 25 | Utah | $9,334 |
| 26 | Mississippi | $9,323 |
| 27 | Virginia | $9,302 |
| 28 | Iowa | $9,264 |
| 29 | Connecticut | $9,228 |
State government debt per person (2024)
Mississippi ranks 29 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 26 | Minnesota | $2,938 |
| 27 | South Carolina | $2,798 |
| 28 | Ohio | $2,722 |
| 29 | Mississippi | $2,618 |
| 30 | Arkansas | $2,601 |
| 31 | Iowa | $2,494 |
| 32 | Oklahoma | $2,477 |
Federal funds received by the state government per person (2024)
Mississippi ranks 12 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 9 | Oregon | $4,117 |
| 10 | Rhode Island | $4,105 |
| 11 | Montana | $4,095 |
| 12 | Mississippi | $3,862 |
| 13 | Delaware | $3,757 |
| 14 | Arizona | $3,646 |
| 15 | Maine | $3,627 |
Federal funds as a share of state general revenue (2024)
Mississippi ranks 7 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 4 | Kentucky | 44.3% |
| 5 | Montana | 43.8% |
| 6 | Missouri | 43.2% |
| 7 | Mississippi | 42.0% |
| 8 | South Dakota | 41.6% |
| 9 | Indiana | 41.0% |
| 10 | Oklahoma | 40.9% |
State tax collections per person (2025)
Mississippi ranks 33 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 30 | Indiana | $3,932 |
| 31 | Kentucky | $3,763 |
| 32 | Iowa | $3,743 |
| 33 | Mississippi | $3,707 |
| 34 | North Carolina | $3,628 |
| 35 | Nebraska | $3,614 |
| 36 | Louisiana | $3,547 |
Individual income tax as a share of state taxes (2025)
Mississippi ranks 38 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 35 | Kentucky | 27.7% |
| 36 | Vermont | 26.9% |
| 37 | Arkansas | 21.8% |
| 38 | Mississippi | 21.7% |
| 39 | Arizona | 20.6% |
| 40 | New Mexico | 16.9% |
| 41 | North Dakota | 7.7% |
General sales tax as a share of state taxes (2025)
Mississippi ranks 8 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 5 | Tennessee | 57.5% |
| 6 | Nevada | 52.4% |
| 7 | Arizona | 50.7% |
| 8 | Mississippi | 49.4% |
| 9 | Hawaii | 44.9% |
| 10 | Ohio | 42.6% |
| 11 | Nebraska | 41.9% |
State spending on public welfare per person (2024)
Mississippi ranks 27 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 24 | Hawaii | $2,912 |
| 25 | North Carolina | $2,802 |
| 26 | Arkansas | $2,800 |
| 27 | Mississippi | $2,742 |
| 28 | Wisconsin | $2,730 |
| 29 | Virginia | $2,685 |
| 30 | North Dakota | $2,638 |
More on Mississippi: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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