Governor Tate Reeves issued the following statement.
Governor Tate Reeves today announced that Mississippi
revenue collections exceeded expectations by $699,647,493 in Fiscal Year
2023. In total, Mississippi collected $7,687,047,493, representing an
increase of 4.11% over the previous year.
“Today’s announcement is further proof of our state’s economic strength
and the effectiveness of our conservative budgeting practices,” said
Governor Tate Reeves. “This money is burning a hole in Democrats’
pockets. They want to blow through this money by expanding welfare and
spending it on pet projects. I want to return it to Mississippians.”
The nearly $700 million in collections is yet another major milestone
for Mississippi under the Reeves administration. In May 2023,
Mississippi’s unemployment rate reached an all-time low for the third
consecutive month. Additionally, in 2022, Mississippi set a record in
new private capital investment when it finalized over $6 billion in new
economic development projects. This includes the largest economic
development project in Mississippi’s history, a $2.5 billion investment
that will create 1,000 jobs with an average annual salary of almost
$100,000.
Mississippi students are also excelling in the classroom. Recently, the
National Institute for Early Education Research recognized Mississippi
as one of the top five states for high-quality pre-K. Mississippi’s high
school graduation rate is currently at an all-time high, and the state
is leading the nation in fourth grade reading and math gains. Media
outlets and education experts from around the country have dubbed this
historic success as the “Mississippi Miracle.”
A copy of the report can be found here.
51 comments:
So time to abolish the grocery tax and stop wasting money on throw-away social programs like Headstart?
Maybe we are just terrible at forecasting? Or maybe we fudged the forecast to look good.
They don’t want to talk about exponential state government spending growth over the last 20 years.
Nice !
And all this while they are letting the hospitals and much needed healthcare g to hell.
Brandon Presley and his in-kind campaign contributors the Barkdalers would have you believe the state is teetering on the edge of bankruptcy.
Well, that's nice. It'll just about cover the mounting bills for the Rankin Raiders, our elite law enforcement unit! Win win.
Great! Now fix the roads!
So can we get rid of state funded welfare programs and get an income tax reduction?
Marshall Ramsey, if you read this, will you please draw a cartoon of MS hospitals burning while Tater Tot brags about saving money on not spending for water to put the fire out?
Woo hoo! More money for useless pet projects. Maybe a bridge to nowhere? More studies? Bail out Jackistan so Chowke can pass it on to his Marxist pals? More free lunches for the "disadvantaged" kiddos so their moms can buy more bling? Per diem increases for the pols? All of the above?
Put all of it towards the elephant in the room-PERS. And flip PERS to a 401K model.
47% of our legislative expenditures are paid for by federal funds, taken mostly from fiscally responsible net-paying blue states. "Conservative budgeting practices" here means "welfare dependency."
We have the worst roads, infrastructure, and school facilities in the country. We lead in "educational growth" only because we fell to near third-world levels as our baseline. We fail to invest in cities that drive growth in every other state.
Our population is dwindling and aging. Businesses are not relocating here because nobody is looking for $500 extra in their pocket each year; they're looking for states that invest in good roads, schools, and cities.
Objective reality is that we're between 48th and 50th in every metric of economic success. The "no taxes, no infrastructure, compete with Mexico for terrible jobs" approach of Republicans remains a failure on every front.
So tax cuts coming soon???
Let’s write a check to cover that welfare fraud first!
How about expanding Medicaid, you selfish, hateful, cruel, scrooge ass, mean Republican ah's led by the perfect ah????
In a world of"dumbing down" every thing, competency is welcome.
So, we cheer when we are such bad forecasters? Put the extra towards roads, bridges, teacher pay, PERS, you know, all the things we underfund perennially.
Just about every state has these surpluses. MA had a $5B surplus. It’s because the feds overestimated the need through COVID recovery and underestimated the pace of tax collection. To claim it is because of anyone economic prowess is a stretch at best and ignorant at worst.
The real question is what will the Legislature do with it? I wish Chris and Delbert would be specific on this point.
Give MS taxpayers a refund.
12:46pm To paraphrase a certain former Governor, some these kids would be dancing on a piano in a house of ill repute if not for Headstart.
Guess the have never considered paying back the tobacco trust that had a billion$ in it. If I remember correctly, that money was borrowed and pissed away a number of years ago.
Eliminating or reducing the grocery tax would work.
Give MS taxpayers a refund.
Cut taxes!!! Please fix the state highways and bridges. Started at 55 South, I 20 east and west. Horrible roads.
Lower the car tags and fix the roads and bridges.
I heard on the street that most of this surprising increase came from homeowners and hard working residents from the city of Jackson. Keep it up mayor.
Wonderful news, why not increase the state legislators and state senators salaries.
We don't need to spend it, and we don't need to return it. We need to save it. I'm old enough to know there are lean days around the corner.
Why not use this money by sending state senators and state representatives on numerous drunken seminars in luxurious places again like Banff Canada and Paris France.
Just about every state has these surpluses. MA had a $5B surplus. It’s because the feds overestimated the need through COVID recovery and underestimated the pace of tax collection. To claim it is because of anyone economic prowess is a stretch at best and ignorant at worst.
The real question is what will the Legislature do with it? I wish Chris and Delbert would be specific on this point.
And let’s check with these states in 20 years and see which ones used it wisely….oh wait…MS s not that forward thinking
12:46. I will say, properly administered, Head Start has real value. There are children who, unfortunately, because of parental neglect and abuse show up for kindergarten not knowing how to flush a toilet, how to wash their hands, not knowing basic hygiene and manners, that even five year olds should be expected to know. Some of these children have had little exposure to books and are way behind in development. Head Start for such children actually can make a difference. Properly administered, it can make a difference in a child’s social and intellectual development. Not a bad investment at all.
6:26, it’s a TERRIBLE “investment”.
You want tax payers money to go to babysitting kids and teaching them to wipe their asses? If the parents can’t do that, take away their kids and throw the parents in jail for negligence.
If you feel so strongly about it, feel free to fund it directly from your bank account. But please, stop washing money on this dumb program that has shown absolutely ZERO ROI.
“Properly administered”. Yes. Weill wait for hell to freeze over until that happens.
Send it back to the Feds if your not going to use it to expand Medicare you leeches
12:46. I will say, Head Start has real value. There are children who, unfortunately, not knowing how to flush a toilet,
July 8, 2023 at 6:26 PM
Well 6:26, I've heard that same old tired argument justifying "Head Start" for almost 40 years. Yeah, it might help a small few, but not the majority of these "babies".
Teaching one of these kids how to flush a toilet is not much different than teaching them how to fire a weapon.
The whole state is a dump minus a few affluent areas. Take that money and give low interest loans to people to fix their houses up.
6:45pm Governor Barnett…is that you?
Don’t expand Medicaid. It’s just another terrible waste of taxpayer dollars.
How about this. Invest in your own health and take care of yourself.
At Kroger today I took notice how many fat asses were waddling around the store. Baskets full of unhealthy food.
But of course, Medicaid would fix all this, right?
But down the chips and Zingers and go to the goddamn gym.
7:21. Medicaid. Keep up. Duh.
How much did we have to give back to the Feds in order to stave off the debt crisis?
@9:04pm Close, but off a bit... a reckoning will happen regarding the $100 million the Feds lost in the Mississippi welfare scam. Regardless of who is involved, the Feds just might want that money back - and treble damages if it's a False Claims Act case which is easily possible.
So many ignorant comments:
Stop Head Start (although it's a federal program that receives zero state money).
Do away with all those state welfare programs (name one).
Let's pay back the welfare fraud (although the state has no responsibility in that matter, didn't steal any money and is not liable for that money).
Send it back to the feds if you're not going to expand Medicare (the state has no voice in Medicare - whether to 'expand' it or anything else).
Give it back to the taxpayers. (Who would define taxpayers and how many lawyers would it take to defend not spreading it out among all the non-working wagon-riders?)
I say replace all the big leather chairs in our senate and house chambers with top of the line recliners and provide Ray Bans and C-paps for all the members.
Anybody in government thought about questioning the annual figures provided by Tony Greer.
Greer is Executive Director - Mississippi Legislative Budget Office (LBO) and is a licensed CPA. I believe his job entails providing legislators and executives in government with accurate budget figures. Key word, accurate.
As one mention earlier Mississippi is a "leech state" getting $3.40 for each federal tax dollar paid. Given that this money should be given back to the states who support Mississippi on a proportionate basis. California, New York etc.
Do all Mississippi politicians get an equal share or does it go by seniority?
Oh, please, 7:34. Simplistic drivel. California is also the state that receives the highest federal funding and has the most Medicaid and SNAP participants in the US.
That's 13 Million on food stamps, Medicaid, etc, in CA. And NY is second, but at least it's only about half of the 13 Million leeches of Cali.
Try harder. California is the most federally dependent state, and it's exceeded Mississippi in poverty, officially, when housing costs are included in a rational, normal Cost of Living assessment.
Nice try 11:11 Mississippi receives $3.40 in return for every $ paid in federal taxes, California receives $.99. They have more citizens and manage to pay their own bills. Btw Texas, Florida, NY are in the top five for receiving federal funds because they have larger populations yet they collectively barely break even.
Take that extra money and make the county supervisors job a fulltime job. Pay them $100,000 a year and get some competent people to run for these jobs. There is no way my board of supervisors can walk into a fortune 500 company board of directors room and pitch and idea for their company to come to my county. My board consists of two former county road hands, a farmer, a logger and a truck driver. Infrastructure can be people too.
Funny reading all these negative comments—- from the exact same people that are gonna vote him right back in. SMH
So, how much of that is going to be returned to the rightful owners by our "leaders?" (I use the term loosely.)
Digbort boasts of 'returning money to the pockets of Mississippians' as one of his many successes. Really? Maybe my pants don't got no pockets since that's never happened.
"The Hose" never met a constituent or average citizen about whom he gave a shit!
This is a result of the record inflation we are living through. When prices skyrocket as they have tax revenue increases.
Look at all the greed in the comments.
Greedy, selfish, Republicans.
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