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Mississippi state budget (2010-2011)

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Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.

Mississippi lawmakers announced on April 16, 2010 that they reached a $5.5 billion budget deal.[1][1]

Going into the fiscal year, Mississippi had a total state debt of $13,817,286,028 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[2]

2011 State general fund spending & deficit in billions[3]
Total spending Social welfare Education Protection Other
$4.4 $0.4 $2.6 $0.3 $1.1
2011 Local spending & deficit in billions[4]
Total spending Pension Healthcare Education Welfare Protection Transport Debt
$13.1 $0 $2.5 $5.0 $0.3 $1.0 $0.9 $7.1

Fiscal Year 2011 State Budget

The FY2011 $4.5 billion state budget was 13% less than the FY2009 budget.[5][6] Gov. Barbour proposed a 8-10% cut for most agencies.[7]

In Dec. 2010, the Joint Legislative Committee on Performance Evaluation and Expenditure Review identified four underutilized funds with a total balance of $40 million which the committee said could be transferred to bolster the state's general fund.[8]

Gov. Barbour called a special legislative session to begin on Aug. 27, 2010, to consider an incentive package for a $500 million economic development project that would create 1,000 direct and indirect jobs.[9]

Revenues were $6.7 million above predictions for the first month of 2011.[10]

Total general fund appropriations in the FY2011 budget totaled $4,386,749,122, which was a net decrease of over $369,000,000.[11] The state budget can be found online.[12]


Budget figures

The following table provides a history of Mississippi's expenditures and gross domestic product (GDP).

Fiscal Year Expenditures (billions) GDP (billions)
2000 $15.4[13] $64.3[13]
2001 $16.3[13] $66.0[13]
2002 $17.3[13] $68.1[13]
2003 $18.4[13] $72.3[13]
2004 $19.5[13] $76.5[13]
2005 $20.0[13] $79.5[13]
2006 $22.1[13] $84.6[13]
2007 $24.9[14] $987.7[14]
2008 $28.0[14] $91.8[14]
2009 $31.6*[14] $90.6*[14]
2010 $35.5**[14] $92.9**[14]
  • NOTE: The figures for FY 2009 were not yet finalized.
    • NOTE: Figures were estimated.

FY 2010 budget figures

FY 2010 General Fund Budget:[15]

Total Funds Available $4,905,884,250
Total Appropriations $4,905,884,250
Projected Balance June 30, 2010 $0

39%, $1.9 billion of the FY 2010 General Fund revenue was from sales tax and 31%, $1.5 billion from individual income taxes. Education makes up 62%, $2.9 billion of General Fund expenditures, $2.1 billion for K-12 and $820 million for post-secondary education.[16]

General Fund Appropriations

FY2010 Compared with FY2009
Agency Appropriations FY09 Appropriations FY10 % Increase or Decrease % Total FY10 Appropriation
Legislative $25,975,417 $25,699,726 -1.06% 0.54%
Judiciary and Justice $61,781,166 $61,004,725 -1.26% 1.28%
Executive and Administrative $3,683,145 $3,512,117 -4.64% 0.07%
Fiscal Affairs $98,100,908 $94,180,378 -4.00% 1.98%
Public Education $2,258,445,881 $2,129,086,604 -5.73% 44.83%
Higher Education $849,013,054 $819.950.820 -3.42% 17.27%
Public Health $34,106,624 $31,790,911 -6.79% 0.67%
Hospitals and Hospital Schools $264,528,980 $220,418,554 -16.68% 4.64%
Agricultural and Economic Development $112,619,372 $113,599,572 +0.87% 2.39%
Conservation $55,301,770 $55,509,293 +0.38% 1.17%
Corrections $265,954,055 $263,071,632 -1.08% 5.54%
Social Welfare $523,154.383 $401,973,805 -23.16% 8.46%
Veterans' Affairs $95,453,092 $96,214,673 + 0.80% 2.03%
Local Assistance $84,600,000 $84,150.000 -0.53% 1.77%
Miscellaneous $1,406,859 $1,457,411 +3.59% 0.03%
Debt Service $289,547,871 $347,187,030 +19.91% 7.31%
Total General Fund Appropriations (Recurring) $5,023,672,577 $4,748,807,251 -5.47% 100.00%

Accounting principles

The Mississippi State Auditor was Stacey E. Pickering, elected November of 2007. The state's audit reports were published online.[17][18]

Mississippi also had the Joint Committee on Performance Evaluation and Expenditure Review (a standing committee created in 1973) to provide legislative oversight.[19][20]


Credit Rating Fitch Moody's S&P
Mississippi[21] AA Aa3 AA

See also

Footnotes

  1. ↑ 1.0 1.1 The Clarion Ledger April 17, 2010
  2. ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
  3. ↑ Office of Budget and Financial Management, Mississippi 2011 Budget
  4. ↑ USA Spending, State Guesstimated* Government Spending
  5. ↑ The Sun Herald "Analysis: Mississippians had noticed budget cuts" Oct. 4, 2010
  6. ↑ FY2011 Budget Joint Legislative Budget Committee Report
  7. ↑ The Wall Street Journal "State Tests Limits of Spending Cuts" Nov. 22, 2010
  8. ↑ The Clarion Ledger "State budget may get $40M windfall" Dec. 26, 2010
  9. ↑ Businessweek "Gov. Barbour calls special session for $500 million economic development project" Aug. 20, 2010
  10. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named above
  11. ↑ State of Mississippi Budget Fiscal Year 2011
  12. ↑ FY2011 Budget
  13. ↑ 13.00 13.01 13.02 13.03 13.04 13.05 13.06 13.07 13.08 13.09 13.10 13.11 13.12 13.13 US Government Spending, "Mississippi State and Local spending," accessed February 27,2009
  14. ↑ 14.0 14.1 14.2 14.3 14.4 14.5 14.6 14.7 US Government Spending, "Mississippi State and Local spending," accessed April 20,2010
  15. ↑ Joint Legislative Budget Committee, "Budget FY 2010," July 20, 2009
  16. ↑ Joint Legislative Budget Committee, "Budget FY 2010," July 20, 2009
  17. ↑ Mississippi State Auditor Web site, accessed October 27, 2009 (dead link)
  18. ↑ audit reports
  19. ↑ Joint Committee on Performance Evaluation and Expenditure Review Web site, accessed October 27, 2009
  20. ↑ Joint Committee on Performance Evaluation and Expenditure Review
  21. ↑ State of Indiana, “State Credit Ratings-as of June 24, 2009"
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