Mississippi Yearly Expenses by Quarter

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Title: Comprehensive Analysis of Mississippi Yearly Expenses by Quarter: A Breakdown of Key Categories Introduction: Mississippi Yearly Expenses by Quarter provide valuable insights into the financial landscape, highlighting the state's expenditure patterns within each quarter of the year. This detailed description explores the different types of Mississippi Yearly Expenses by Quarter, delving into relevant keywords and highlighting key categories for a comprehensive understanding. 1. Government and Public Expenditures: Government and public expenditures are a vital aspect of Mississippi's yearly expenses by quarter, encompassing a range of budgetary allocations. These may include keywords such as public infrastructure, education, healthcare, transportation, law enforcement, and public welfare programs. 2. Administrative Costs: Administrative costs constitute an important part of Mississippi's yearly expenses by quarter. These expenses correspond to keywords that may include personnel salaries, benefits, office supplies, technology infrastructure, and other costs associated with the day-to-day running of government agencies and departments. 3. Economic Development and Investments: Mississippi's yearly expenses by quarter also encompass economic development initiatives and investments aimed at fostering long-term growth within the state's economy. Keywords related to this category could include business incentives, industrial development, workforce training, research and innovation, tourism promotion, and regional development projects. 4. Healthcare Expenditures: Healthcare expenses are a significant component of Mississippi's yearly expenses by quarter, as the state prioritizes healthcare services and infrastructure. Keywords associated with this category might include public hospitals, medical facilities, Medicaid programs, public health initiatives, healthcare subsidies, and disease prevention programs. 5. Education and Research Funding: Education and research funding is a crucial aspect of Mississippi's yearly expenses by quarter, reflecting the state's commitment to fostering a well-educated workforce and advancing knowledge. Keywords for this category could include public schools, colleges and universities, scholarships, grants, research facilities, educational infrastructure, and teacher salaries. 6. Infrastructure and Transportation: Mississippi's yearly expenses by quarter also encompass investments in infrastructure, transportation, and related services. Keywords associated with this category may include road construction, bridge maintenance, public transportation, ports, airports, rail systems, and investment in improving connectivity and transportation networks. 7. Environmental Protection: Mississippi prioritizes environmental protection in its yearly expenses by quarter, aiming to preserve and protect its natural resources. Keywords for this category might include conservation programs, clean energy initiatives, waste management, water resource protection, and environmental research. Conclusion: The breakdown of Mississippi Yearly Expenses by Quarter unveils a comprehensive picture of the state's financial priorities and allocations across various categories. By understanding the keywords associated with each category, policymakers, researchers, and citizens can gain an in-depth understanding of Mississippi's expenditure patterns and their impacts on key sectors, ultimately contributing to informed decision-making and future financial planning.

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Mississippi's current budget The enacted budget included $5.8 billion in general fund appropriations, a 4 percent increases over FY 2021. Under the American Rescue Plan, Mississippi will receive $1.8 billion in direct state fiscal aid and $679 million in local government aid from the federal government.

What are the sources of revenue for state governments? State government revenue comes from income, sales, and other taxes; charges and fees; and transfers from the federal government. Taxes accounted for about half of all general revenue in 2017. State governments collected $2.0 trillion of general revenue in 2017.

Agriculture. In terms of revenue generated Mississippi's top five agricultural products are broilers, cotton, soybeans, aquaculture (farm raised catfish), and cattle and calves.

Agriculture is Mississippi's number one industry, employing approximately 17.4% of the state's workforce either directly or indirectly.

Mississippi's budget basics According to the National Association of State Budget Officers (NASBO), Mississippi's total expenditures in fiscal year (FY) 2021 were $23.2 billion, including general funds, other state funds, bonds, and federal funds.

Agriculture is Mississippi's number one industry, employing approximately 17.4% of the state's workforce either directly or indirectly. Agriculture in Mississippi is a 8.83 billion-dollar industry. There are approximately 34,700 farms in the state covering 10.4 million acres.

Mississippi's major sources of revenue are sales taxes, followed by personal and corporate income taxes, gasoline taxes, and gaming income. Local governments derive their greatest income from property taxes. Considerable amounts of federal monies are provided through numerous federal and state agencies.

Between fiscal years 2015 and 2016, total government spending in Mississippi increased by approximately $2.7 billionfrom $19.6 billion in fiscal year 2015 to an estimated $22.3 billion in 2016. This represents a 13.7-percent increase.

Among the states, Alaska had the highest per capita state and local spending in 2019 at $17,596, followed by New York ($15,667) and Wyoming ($15,107).

The general fund revenue is derived primarily from taxes on income and retail items.

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Mississippi Yearly Expenses by Quarter