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MISSISSIPPI

Mississippi

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    • Budget timeline: Annual 

      Fiscal Year starts: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

       

      MS Gov. Bryant

      Gov. Phil Bryant
      Office of Governor Bryant
      P.O. Box 139
      Jackson, MS 39205
      Phone: (601) 359-3150
      Fax: (601) 359-3741

       

       

       

      Kevin Upchurch, Executive Director
      Department of Finance & Administration
      550 High St., Suite 1301
      Jackson, Mississippi 39201
      Phone (601) 359- 3402
      Fax (601) 359-6758
      http://www.dfa.state.ms.us/

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

       

      Mississippi is required to pass a "balanced budget." Title 27-103-113 of the State law requires the Legislative Budget Office to prepare an overall balanced budget of the entire expenses and income of the state for each fiscal year. Section 125 states the total proposed expenditures shall not exceed the amount of estimated revenues. The governor and the Joint Legislative Budget Committee adopt the estimate of the general fund revenue. Mississippi law forbids the carrying over of a deficit from one year to the next.
      Mississippi has set an expenditures cap, which allows appropriations only up to 98% of the estimated revenue.

       

      In the FY2007 CAFR Budgetary Comparison Schedule the State reports the following governmental fund types: the General Fund, the Health Care Fund, the Capital Projects Fund, Special Revenue Funds, and Permanent Funds. Prior to FY07, it also reported a Debt Service Fund. In FY07, all transactions previously reported in Debt Service Funds are reported in the General Fund. The State budgets on a cash basis plus encumbrances and established three budgetary fund groups: General Fund, Education Enhancement Fund, and the Special Fund. It is unclear how many of the governmental funds are actually budgeted.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

      Mississippi Center for Public Policy logo

       

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • California, Idaho, Kentucky, Michigan, Mississippi, North Carolina , Pennsylvania, Texas, Virginia, Washington

      Williams Report - June 19, 2014

      by Bob Williams | June 19, 2014

      Welcome to the NEW Williams Report! Take a look at the top headlines from this week, provided by State Budget Solutions. And don't forget to tweet with Bob's signature-- #SBSBob!

    • Alabama, Mississippi

      Public pension systems in Alabama and Mississippi face financial peril

      Mississippi Watchdog | by Steve Wilson | May 22, 2014

      A new report on Alabama's public pension system offers some startling facts on the system's woes, but offers a prescription for reform that could be a blueprint for Mississippi's system.

    • Fitch: State pension plans' funding climbs in 2013 despite low contributions

      Pensions & Investments | by Rob Kozlowski | May 15, 2014

      While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.

    • Richard Ravitch: State fiscal crises aren't over

      Newsday | by Michael Gormley | April 25, 2014

      Former Lt. Gov. Richard Ravitch, who helped New York City escape bankruptcy 40 years ago, warned Wednesday that the fiscal crisis isn't over in New York and other states, despite election year plans to cut taxes and spend more.