SUMMARY: A new analysis by the American Society of Civil Engineers reveals that Mississippi’s infrastructure has improved over the last four years, increasing its score from a D- in 2020 to a C- in 2024, matching the national average. The report evaluates twelve infrastructure categories, with the state’s railway system receiving a B, while drinking water and roads scored a D-. Jennifer Sloan Ziegler, chair of the report, emphasized that many systems are aging and require rehabilitation. Investment in infrastructure is linked to job creation and economic growth, highlighting the need for continued attention to infrastructure maintenance in Mississippi.

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SUMMARY: Mississippi’s budget for the year starting July 1 is projected to grow by less than 1%, with an estimated $7.6 billion in the general fund. This is slower growth compared to previous years, due to flat sales tax collections and a drop in corporate income tax revenues. While income tax and insurance premium tax collections rose, the state’s economic outlook is more conservative. Governor Tate Reeves advocates for phasing out the income tax, while Lt. Governor Delbert Hosemann favors reducing grocery sales tax. Lawmakers will finalize budget recommendations in December, with debates set for the 2024 legislative session.

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SUMMARY:
Mississippi Governor Tate Reeves is pushing to phase out the state income tax, despite potential federal spending cuts under Donald Trump’s second term. Mississippi, heavily reliant on federal funding, especially Medicaid, aims to reduce its tax burden to remain competitive with states like Florida, Tennessee, and Texas. The state plans to lower its top income tax rate to 4% in two years. Reeves also announced $110 million for infrastructure, worker training, tourism, and conservation to attract industries and create higher-paying jobs. The goal is to improve Mississippi’s economic development and competitiveness in attracting new business.

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