We are now just weeks away from the start of another school year. Summer vacations are wrapping up. Back-to-school sales have taken over retail stores. And the state is even offering a sales tax holiday on qualifying school supplies (including clothes, tablets, and more) on July 30-31. For most kids, the summer break has been a time to relax and … Read More
McRae: Your Questions Answered
One of my priorities as Mississippi Treasurer is to make state government more accessible to you, the taxpayer. So, this July, I held my first telephone town hall, which gave me the opportunity to update Mississippians on the work our team is doing and take any questions you had. I am incredibly humbled to report that more than 4,000 Mississippians … Read More
Treasury Returns $30 Million in Unclaimed Money
State Treasurer David McRae today announced the Mississippi Treasury has returned more than $30 million in unclaimed money since he took the helm in January 2020. The returns have been made through 10,000 separate claims. “I am incredibly proud of our unprecedented effort to return unclaimed money to the people of Mississippi,” said Treasurer McRae. “This money has become a … Read More
Q&A with Treasurer David McRae | Why College Savings MS may be the perfect destination for your Child Tax Credit payments
I’ll be honest: the last thing on my kids’ minds right now is school. They are taking in every ounce of summer they can, and I wouldn’t change that for the world. But by the time summer ends, they’ll be a grade level higher – and a step closer to college. Are you ready? For most families, the answer is: … Read More
$30 Million Economic Stimulus
There has been a lot of talks about economic stimulus over the last year. Unfortunately, the programs out of Washington have come with a hefty price tag for taxpayers, pushing the national debt to nearly $30 trillion and sparking vigorous debates about inflation. Economists will long discuss the real impact of these “stimulus” packages, but I know many who are … Read More
The Trickle Down Impact of Student Loan Debt
Today, Americans hold more than $1.7 trillion in student loan debt, and it’s having a tremendous impact on the way we live, work, and build our future. Here in Mississippi, students tend to graduate with about $30,000 worth of debt. In a state where the median individual income is just $24,500, that’s an outsized financial burden. The consequences of this … Read More
Let’s Get Mississippi to Work
What do we do to improve Mississippi’s economy? As I travel across the state, this is one of the questions that keeps coming up – and it’s a fair one to ask. Given that Mississippi ranks 50th in employment and 46th in growth when compared to other states, the answer is fairly straightforward to me: We need to fight for every opportunity … Read More
Get More from Your Monthly Child Tax Credit Payments
Beginning on July 15, most Mississippi parents will begin receiving a monthly child tax credit payment from the federal government. How do you get the most value from these dollars? We have one idea families may want to consider. But first, a little about the credit itself. Depending on your income, these new payments can be as high as $300 … Read More
Challenging the Biden Administration’s Energy Industry Attacks
Between the energy it takes to run our manufacturing facilities and the energy it takes to cool our homes during the hot summer, it should come as no surprise that Mississippi has one of the country’s most energy-intensive economies. In fact, we are among the top five states when it comes to the amount of energy required to produce $1 … Read More
Treasurer McRae Challenges John Kerry, Biden Admin on Fossil Fuel Industry Attacks
State Treasurer David McRae joined financial officers from 15 states on a letter condemning the Biden administration’s attempts to pressure banks and other large financial institutions into divesting from coal, oil, and natural gas companies. The letter comes in the wake of reports that Special Presidential Envoy for Climate John Kerry has privately pressured banks to cut off lending for … Read More