Mississippi Gov. Tate Reeves Friday touted a new report that had state revenue collections exceeding 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 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.”
A news release from Reeves’ office noted that Mississippi’s May unemployment rate reached an all-time low for the third consecutive month. Last year, 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.
