Mississippi’s budget increased cumulatively less than the maximum rate of population growth plus inflation in state funds but more than this rate in all funds from 2016-25, meaning taxes would be lower in state funds yet higher in all funds than the average taxpayer can afford.

  • The 2025 state funds budget is $2.8 billion higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew slower than population growth plus inflation for the last ten years, the state spent $1.2 billion less than possible.
  • The 2025 all funds budget is $7.3 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent $10.8 billion too much.

State Funds Budget Data

  • Estimated FY 2026 Only State Funds Budget ($ Billions): $ 18.16
  • FY 2027 Only State Funds Budget Limit ($ Billions): $ 18.73
  • FY 2027 Only State Funds Budget Limit Growth (%): 3.12%
  • Cost per person of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 2,859
  • Cost per family of 4 of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 940
  • Cumulative cost per person of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ (416)
  • Cumulative cost per family of 4 of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ (1,663)

All Funds Budget Data

  • Estimated FY 2026 All Funds Budget ($ Billions): $ 32.87
  • FY 2027 All Funds Budget Limit ($ Billions): $ 33.90
  • FY 2027 All Funds Budget Limit Growth (%): 3.1%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 4,733
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 2,480
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 3,645
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 14,581

Other Economic and Fiscal Considerations