Oklahoma’s budget increased, cumulatively, less than pop+inf in state funds but more than pop+inf in all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $19.90
- Budget Limit ($ Billions): $20.89
- Budget Limit Growth ($ Billions): 4.96%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $334.55
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $1,338
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($911.07)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($3,644.27)
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $32.54
- Budget Limit ($ Billions): $34.15
- Budget Limit Growth ($ Billions): 4.96%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,066.60
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $4,266.39
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $1,455.08
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $5,820.31
Other Considerations
- Economic Freedom (2020) (Rank): 13 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $2,834 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 40 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,527 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.00% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 10 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.75% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 19 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 23 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 42 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 8.98% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 5 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.89% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 27 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $10,181 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 4 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 15.8 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 46 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 9.9 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 35 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 60.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 34 [Bureau of Labor Statistics]