Thursday, July 31, 2025
54.5 °f
Magee
  • About Us
  • Our Team
  • Terms of Service
  • Privacy Policy
  • Advertising
  • Contact Us
No Result
View All Result
MageeNews.com
Advertisement
  • Home
  • Message from the Prez
  • News
  • Happenings
  • Obituaries
  • Sports
  • Schools
  • Videos
  • Ducks on the Pond
  • Home
  • Message from the Prez
  • News
  • Happenings
  • Obituaries
  • Sports
  • Schools
  • Videos
  • Ducks on the Pond
No Result
View All Result
MageeNews.com
No Result
View All Result
Home News Mississippi News

MCPP Launches the Responsible Mississippi Budget 2024

Patrice Boykin by Patrice Boykin
December 27, 2022
in Mississippi News, News
0
MageeNews.com
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Related posts

Former Jasper County Solid Waste Department Employee Arrested

Former Jasper County Solid Waste Department Employee Arrested

July 31, 2025
Cindy Hyde-Smith

HYDE-SMITH WANTS TO GIVE STUDENTS, FAMILIES MORE RELIABLE DATA ON CHOOSING COLLEGES & MAJORS

July 31, 2025

Please note that this post contains affiliate links and any sales made through such links will reward MageeNews.com a small commission – at no extra cost to you.

MCPP Launches the Responsible Mississippi Budget 2024

 

(Jackson, MS): Mississippi’s government spending (general fund appropriations) for the fiscal year 2024 should be no higher than $6.75 billion, according to a new budget report published today.

Any spending increased over and above $6.75 billion would expand the size of government in our state and reduce the scope of future tax cuts.

The Responsible Budget for Mississippi, authored by former White House economist, Vance Ginn Ph.D., applies a simple fiscal rule to determine how much spending should increase:
a) The level of spending (general fund appropriations) in 2023, plus
b) The rate of population growth and inflation.

“Conservatives serious about limiting the growth of government in Mississippi should not raise spending faster than inflation and population growth,” said Douglas Carswell, President & CEO. “To do so would be to expand the size of government and to limit the freedom for further tax cuts”.

When preparing the Responsible Budget, Ginn looked at how Mississippi government spending had grown over the past decade. He found that between 2014 and 2019, state government spending grew faster than population change plus inflation, meaning that the relative size of the state government in Mississippi increased. More encouragingly, however, since 2020 the expansion of the state government in Mississippi has slowed relative to inflation and population changes.

With projected general fund revenue collections of $7.5 billion for the FY 2024, a Responsible Mississippi Budget would result in an estimated surplus of $0.8 billion.

“Our Responsible Budget suggests that much of Mississippi’s budget surplus is structural, rather than cyclical. That means that provided we keep control of spending, the surplus will not simply disappear as and when the economy slows,” Carswell said. “That means that there is room for tax cuts if we keep spending under control.”

With a potential $0.8 billion surplus, Mississippi can afford to further reduce the state’s personal income tax rate as much as possible (e.g., from 4 percent as expected over time from recent tax cuts to 3 percent). The state could also reduce corporate income taxes.

A link to the Responsible Budget can be found here.

 

MageeNews.com is a news source covering Simpson and surrounding counties as well as the State of Mississippi.

Tags: BudgetMageeNews.com
Previous Post

Empower Mississippi A Year in Review

Next Post

MS College Savings Art Contest

Next Post
Taxpayers Saved $53,300,000

MS College Savings Art Contest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Former Jasper County Solid Waste Department Employee Arrested

by Sue Honea
July 31, 2025
0
Former Jasper County Solid Waste Department Employee Arrested

  Auditor’s Office Arrests Former Jasper County Employee   JACKSON, Miss. – Today State Auditor Shad White announced that Special Agents...

Read more

HYDE-SMITH WANTS TO GIVE STUDENTS, FAMILIES MORE RELIABLE DATA ON CHOOSING COLLEGES & MAJORS

by Sue Honea
July 31, 2025
0
Cindy Hyde-Smith

Hyde-Smith Cosponsors Sen. Cassidy’s Bipartisan ‘College Transparency Act’ WASHINGTON, D.C. – U.S. Senator Cindy Hyde-Smith (R-Miss.) today announced that she...

Read more

First Tuesday Lectures at the Mississippi Museum of Natural Science

by Sue Honea
July 31, 2025
0
First Tuesday Lectures at the Mississippi Museum of Natural Science

JACKSON, MS – The Mississippi Department of Wildlife, Fisheries, and Parks’ (MDWFP) Mississippi Museum of Natural Science (MMNS) invites you to...

Read more
Facebook Twitter Youtube RSS Instagram
MageeNews.com

MageeNews.com is THE source for news and views in Simpson County, Mississippi, and beyond.

Recent News

Former Jasper County Solid Waste Department Employee Arrested

Former Jasper County Solid Waste Department Employee Arrested

July 31, 2025
Cindy Hyde-Smith

HYDE-SMITH WANTS TO GIVE STUDENTS, FAMILIES MORE RELIABLE DATA ON CHOOSING COLLEGES & MAJORS

July 31, 2025
First Tuesday Lectures at the Mississippi Museum of Natural Science

First Tuesday Lectures at the Mississippi Museum of Natural Science

July 31, 2025
Magee, US
Thursday, July 31, 2025
scattered clouds
54.5 ° f
45%
3.47mh
25%
66 f 45 f
Wed
68 f 40 f
Thu
71 f 44 f
Fri
75 f 46 f
Sat

© 2023 MageeNews.com

No Result
View All Result
  • Home
  • Sue Stuff
  • News
  • Happenings
  • Schools
  • Sports
  • Obituaries
  • Ducks on the Pond
  • Videos

© 2023 MageeNews.com