Governor, legislative leaders expect big jump in revenue for 2023 session

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Governor, legislative leaders expect big jump in revenue for 2023 session
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Legislative leaders and Gov. Tate Reeves have agreed on a revenue estimate that will result in lawmakers having about $500 million more than last year to spend.

Eric Shelton/Mississippi Today

The 7% increase in the revenue estimate continues a trend of unprecedented growth in tax collections for the state. Mississippi, thanks in part to federal spending and inflationary growth, now has a surplus of more than $2 billion.Success! You're on the list. The estimate was recommended to the legislative leaders by state Economist Corey Miller and four other state financial experts. State law mandates that the governor and members of the Legislative Budget Committee agree on a revenue estimate before the start of each legislative session.

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