- Published: March 2010
Mississippi; Tax Secured, General Obligation Aug 02
- Published: August 2002
- Region: Mississippi
- Standard & Poors
The 'AA' rating on Mississippi's GO refunding bonds reflects: The favorable effects of various budgetary reforms; The state's good financial position; The state's moderate debt burden; and The service sector-led economic growth, which is driven, in part, by gaming-related activities. Although the state is now feeling the effects of recession, Mississippi has strengthened its overall economy in terms of new jobs and personal income over the past decade. At the same time, the state government increased its revenue base, providing additional funds for long-term investment and permitting a more sound fiscal foundation. Much of the state's growth occurred from 1992-1994 when an estimated 70,200 jobs were created after gambling was legalized in the state. Mississippi, however, still struggles with a...
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