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



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $74.66
- Budget Limit ($ Billions): $78.87
- Budget Limit Growth ($ Billions): 5.65%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($417.67)
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($1,671)
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($579.91)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($2,319.62)
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $134.80
- Budget Limit ($ Billions): $142.41
- Budget Limit Growth ($ Billions): 5.65%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($665.62)
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($2,662.49)
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $192.01
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $768.02
Other Considerations
- Economic Freedom (2020) (Rank): 4 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $2,214 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 49 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,994 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 8.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 6 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): Z [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 13 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 50 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 8.20% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 14 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.68% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 6 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 2 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 3 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $11,507 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 14 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 13.7 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 42 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 11.3 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 46 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 63.40% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 21 [Bureau of Labor Statistics]