Five charts explain Mississippi’s “budget crisis”
Spending, debt, entitlements all increasing
You have heard a lot about Mississippi “budget cuts” but it might surprise you to know spending has increased every year for the past five years.
A recent article by Steve Wilson provides five charts showing:
- Mississippi general funding spending has increased every fiscal year for the last five years.
- Revenue projections have been much more optimistic than actual revenue collections.
- Medicaid outlays from Mississippi’s general fund have increased 362 percent from 2012 to 2017.
- Education spending has increased every year since 2013.
- The legislature has added $1.3 billion in bond debt since 2006, an increase of 41.8 percent.