Saturday, July 8, 2023

Mississippi Beats Revenue Estimates by $700 Million

 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:

Anonymous said...

So time to abolish the grocery tax and stop wasting money on throw-away social programs like Headstart?

Anonymous said...

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.

Anonymous said...

Nice !

Anonymous said...

And all this while they are letting the hospitals and much needed healthcare g to hell.

Anonymous said...

Brandon Presley and his in-kind campaign contributors the Barkdalers would have you believe the state is teetering on the edge of bankruptcy.

Anonymous said...

Well, that's nice. It'll just about cover the mounting bills for the Rankin Raiders, our elite law enforcement unit! Win win.

Anonymous said...

Great! Now fix the roads!

Anonymous said...

So can we get rid of state funded welfare programs and get an income tax reduction?

Anonymous said...

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?

Oh Cynical Me said...

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?

Anonymous said...

Put all of it towards the elephant in the room-PERS. And flip PERS to a 401K model.

Anonymous said...

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.

Anonymous said...

So tax cuts coming soon???

Anonymous said...

Let’s write a check to cover that welfare fraud first!

Anonymous said...

How about expanding Medicaid, you selfish, hateful, cruel, scrooge ass, mean Republican ah's led by the perfect ah????

Anonymous said...

In a world of"dumbing down" every thing, competency is welcome.

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

Give MS taxpayers a refund.

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

Give MS taxpayers a refund.

Anonymous said...

Cut taxes!!! Please fix the state highways and bridges. Started at 55 South, I 20 east and west. Horrible roads.

Anonymous said...

Lower the car tags and fix the roads and bridges.

Anonymous said...

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.

Anonymous said...

Wonderful news, why not increase the state legislators and state senators salaries.

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

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

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

Send it back to the Feds if your not going to use it to expand Medicare you leeches

Anonymous said...

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.






Anonymous said...

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.

Anonymous said...

6:45pm Governor Barnett…is that you?

Anonymous said...

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.

Anonymous said...

7:21. Medicaid. Keep up. Duh.

Anonymous said...

How much did we have to give back to the Feds in order to stave off the debt crisis?

Anonymous said...

@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.

Anonymous said...

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.

Count Beans said...

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.

Anonymous said...

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.

Anonymous said...

Do all Mississippi politicians get an equal share or does it go by seniority?

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

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.

Anonymous said...

Funny reading all these negative comments—- from the exact same people that are gonna vote him right back in. SMH

Anonymous said...

So, how much of that is going to be returned to the rightful owners by our "leaders?" (I use the term loosely.)

Anonymous said...

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!

Anonymous said...

This is a result of the record inflation we are living through. When prices skyrocket as they have tax revenue increases.

Anonymous said...

Look at all the greed in the comments.

Greedy, selfish, Republicans.


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Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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