Mississippi State Government & Agencies
BPF strives to inform citizens and elected officials on its views regarding public policies that benefit or cause hard to Mississippi's economic condition. Bigger Pie believes sound public policy grounded in fiscal responsibility is a cornerstone to successful communities.
The Public Employees’ Retirement System of Mississippi, better known as PERS, is the state’s ailing defined benefit pension program. Right now, the fund has a $16.6 billion unfunded liability, meaning the contributions of state and municipal employees and income from the plan’s investments aren’t enough to cover present and future benefits for retirees.
The Mississippi Legislature applied a bandage to the state’s infrastructure funding woes with a recent infrastructure package that includes some bond issues and the redirection of use tax revenue to cities and counties. But to close a long-term wound, the Legislature might have some problems to solve that aren’t of its making.
Now that we have a lottery, will it be a benefit to the state’s bottom line? The guess is that the lottery will make about $80 million per year for state taxpayers, once prizes, seller commissions and other costs are taken into account.
A special session for August 23 to deal with infrastructure funding and money from the BP settlement has been called, likely meaning a compromise has been reached by Lt. Gov. Tate Reeves and House Speaker Philip Gunn on how to increase the funding for the state’s infrastructure needs. How much these needs are is up...
When the two highest-profile potential candidates for the gubernatorial race in 2019 spoke at Founders Square at the Neshoba County Fair on August 1, Lt. Gov. Tate Reeves and Attorney General Jim Hood painted two very different views of the state of Mississippi’s economy and future prospects.
It was a move that everyone who has followed the problems of the Public Employees’ Retirement System (PERS) of Mississippi has known was coming for years. PERS recently announced its board of trustees voted to increase the amount of employer contributions from worker salaries for the pension fund to 17.4 percent, starting July 1, 2019.