The Mississippi governor said in a Facebook post that the state has finalized $70 billion in new capital investment since he took office, a figure he said will generate “millions” in new tax revenue for Mississippi.
The governor wrote that economic and population growth trends in the state are strong and strengthening, and credited reforms aimed at strengthening the Public Employees’ Retirement System, or PERS, for improving the state’s fiscal position. He also said the state is in the best fiscal and financial shape in its history and that its overall debt burden is declining.
Capital investment generally refers to spending by businesses and governments on projects such as facilities, equipment and infrastructure that can support job creation and increase tax receipts. PERS administers retirement benefits for many state and local public employees.
Officials and residents often watch measures such as capital investment, revenue growth and debt levels because they can influence budgets, services and long-term fiscal stability. We will provide more information as it becomes available.
