Governor Tate Reeves has announced that Mississippi revenue collections for Fiscal Year 2023 exceeded expectations by nearly $700 million.
In total, Mississippi collected an excess of approximately $699,647,493 in revenue, representing an increase of 4.11 percent over the previous year.
“Today’s announcement is further proof of our state’s economic strength and the effectiveness of our conservative budgeting practices,” Reeves said.
The nearly $700 million in collections is yet another milestone for Mississippi this year, as the state’s unemployment rate reaches an all-time low for the third consecutive month.
Additionally, in 2022, Mississippi set a record in new private capital investment when it finalized over $6 billion in new economic development projects. That included 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.