Overview of Missouri

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $20.18
• Budget Limit ($ Billions): $21.13
• Budget Limit Growth ($ Billions): 4.66%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $148.93
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $596
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $609.63
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $2,438.51

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $33.64
• Budget Limit ($ Billions): $35.21
• Budget Limit Growth ($ Billions): 4.66%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,056.99
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $4,227.97
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $2,905.10
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $11,620.38

Other Considerations

• Economic Freedom (2020) (Rank): 15 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $2,447 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 45 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $4,953 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 9.30% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 13 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 4.95% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 23 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 11 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 4.00% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 42 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 8.33% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 12 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.01% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 22 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 3 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 1 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $10,802 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 10 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 11.5 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 32 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 8.4 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 26 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 62.70% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 26 [Bureau of Labor Statistics]