Kentucky’s 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): $25.49
- Budget Limit ($ Billions): $26.71
- Budget Limit Growth ($ Billions): 4.76%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $799.65
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $3,199
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $3,031.86
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $12,127.44
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $47.56
- Budget Limit ($ Billions): $49.82
- Budget Limit Growth ($ Billions): 4.76%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $3,012.22
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $12,048.90
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $13,012.00
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $52,048.01
Other Considerations
- Economic Freedom (2020) (Rank): 36 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,242 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 33 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,669 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 17 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.50% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 18 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 18 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 5.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 34 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.00% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 38 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.83% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 31 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 0 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 32 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,237 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 22 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 15.8 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 45 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 10.8 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 43 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 57.50% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 44 [Bureau of Labor Statistics]