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U.S. State20th State β€’ December 10, 1817
Mississippi State Flag

Mississippi MS

"The Magnolia State"

The birthplace of the blues, the land that shaped Elvis and Oprah, and a state whose history, painful, complex, and extraordinary, is inseparable from the story of America itself.

Mississippi state finances at a glance

State Debt - FY2024

$7.7 billion

Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.

Tax Revenue - FY2024

$10.6 billion

Total Mississippi state tax collections in fiscal 2024, led by the general sales tax ($5.1B) and the individual income tax ($2.3B).

Borrowing

Mississippi issues general obligation bonds backed by its full faith and credit, along with revenue bonds for specific programs, sold to investors in the municipal market. A statutory cap ties outstanding general obligation debt to a share of internal revenue collections. The state reported about $262 million in interest on its debt in fiscal 2024.

Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

2.94M
Population
20th
State (1817)
44 mi
Coastline
3
HBCU Universities
…

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