Mississippi

Mississippi has a statutory expenditure limit as part of MS Code Ann. Subsection 27-103-125. The limit requires that the overall budget shall not exceed 98% of the amount of general fund revenue estimate for the succeeding fiscal year. In addition, Mississippi has a supermajority requirement to raise taxes, passed in 1970.

The base year represents the year the hypothetical Taxpayer's Bill of Rights (TABOR) would have been enacted. Selecting a base year changes how the state’s TABOR is calculated because the annual growth rates of inflation and population change depending on when TABOR is enacted.

Year	Inflation-adjusted Actual Spending
1992	5,699,438,729
1993	5,828,889,512
1994	6,235,077,496
1995	7,715,262,010
1996	7,924,980,230
1997	8,154,984,761
1998	8,740,336,820
1999	9,663,132,098
2000	10,219,048,550
2001	10,247,055,830
2002	10,834,890,250
2003	9,227,683,378
2004	9,976,034,816
2005	11,281,835,720
2006	9,872,939,931
2007	11,107,734,610
2008	11,849,481,630
2009	12,512,273,590
2010	13,652,741,750
2011	12,452,840,760
2012	12,820,467,180
2013	13,392,783,040
2014	13,055,819,210
2015	14,401,093,410
2016	14,199,467,180
2017	14,569,668,140
2018	12,884,689,930
2019	12,690,153,320
2020	13,111,985,540
2021	12,719,815,510
2022	13,830,000,000

*All spending figures are in inflation-adjusted 2022 dollars.