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Home News Mississippi News

Taxpayers Saved $53,300,000

Sue Honea by Sue Honea
November 22, 2021
in Mississippi News, News
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Taxpayers Saved $53,300,000
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Press release from David McRae
I wanted to reach out with some good news this Monday morning: Last week, Mississippi struck a debt refinancing deal that will save taxpayers $53,300,000!!
This new deal adds to previous refinancing wins, bringing the total taxpayer savings to nearly $100 million since I became Treasurer in 2020.
Every Mississippian should be truly proud of the sound state our finances are in. That is not by happenstance either. Advantageous investment strategies have ensured we outperform the U.S., beating even AAA-rated Texas, while our well-maintained rainy day fund has curried favor with creditors and preserved the state’s strong credit rating.
I look forward to continuing my work with Governor Tate Reeves and others to ensure Mississippi remains fiscally conservative now and into the future.
But for now, let’s celebrate that today is a good day for the State of Mississippi.
Sincerely,
David McRae
State Treasurer

 

MageeNews.com is an online news source serving Simpson and surrounding counties as well as the State of Mississippi.

Tags: credit ratingcreditorsDavid McRawMageeNews.comMississippiansrefinancingsavingsState Treasurer
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