Arkansas’ budget increased, cumulatively, more than pop+inf in state funds and all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $20.73
- Budget Limit ($ Billions): $21.71
- Budget Limit Growth ($ Billions): 4.73%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $583.54
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $2,334.15
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $2,715.69
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $10,862.77
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $33.58
- Budget Limit ($ Billions): $35.17
- Budget Limit Growth ($ Billions): 4.73%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,366.42
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $5,465.68
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $5,400.56
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $21,602.22
Other Considerations
- Economic Freedom (2020) (Rank): 27 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,875 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 19 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,031 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.20% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 26 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.90% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 22 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 40 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 5.30% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 33 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 9.46% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 3 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.64% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 39 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $9,626 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 1 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 15.9 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 47 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 10.5 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 42 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 57.40% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 45 [Bureau of Labor Statistics]