This document presents funding and expenditure statistics for the Mississippi Library Commission for fiscal year 1995, as well as an overview of developments in the state's public libraries. These developments include budget increases; increased circulation and use of electronic reference sources; additional staffing; and developments in state telecommunications. Statistics are presented for: state grants, including personnel grants, special educational enhancement book grants, and public library employees' health insurance payments; and federal grants for public library services (Title I), public library construction (Title II), and cooperation and resource sharing among libraries (Title III). A total of grants expended is provided for both state and federal grants and a grand total of grants expended combines the two totals. In addition, expenditures for out-of-state travel and meetings, conferences, and conventions attendance is included. (AEF)