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STATE GOVERNMENT FINANCES: 2007
STATE: MISSISSIPPI
(Thousand Dollars)
 
Source: 2007 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/07_methodology.pdf.

Item       Amount      
Total revenue      22,489,722
       
    General revenue      17,488,471
        Intergovernmental revenue      9,111,166
        Taxes      6,481,876
            General sales      3,155,622
            Selective sales      1,022,568
            License taxes      403,092
            Individual income tax      1,401,809
            Corporate income tax      369,205
            Other taxes      129,580
       
        Current charges      1,246,016
        Miscellaneous general revenue      649,413
       
    Utility revenue      0
    Liquor stores revenue      234,990
    Insurance trust revenue(1)      4,766,261
       
Total expenditure      18,629,901
    Intergovernmental expenditure      5,086,220
    Direct expenditure      13,543,681
        Current operation      10,094,441
        Capital outlay      1,500,204
        Insurance benefits and repayments      1,538,611
        Assistance and subsidies      183,551
        Interest on debt      226,874
Exhibit: Salaries and wages      2,063,464
       
Total expenditure      18,629,901
General expenditure      16,900,405
        Intergovernmental expenditure      5,086,220
        Direct expenditure      11,814,185
       
    General expenditure, by function:       
        Education      5,116,749
        Public welfare      4,175,865
        Hospitals      860,626
        Health      354,827
        Highways      1,494,109
       
        Police protection      115,294
        Correction      326,751
        Natural resources      277,718
        Parks and recreation      41,056
        Governmental administration      265,427
       
        Interest on general debt      226,874
        Other and unallocable      3,645,109
       
    Utility expenditure      0
    Liquor stores expenditure      190,885
    Insurance trust expenditure      1,538,611
       
Debt at end of fiscal year      5,858,340
       
Cash and security holdings      35,073,765

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
 
Created: November 19, 2008
Last Revised:   December 14, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: December 14, 2011