Wisconsin’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): $44.34
- Budget Limit ($ Billions): $46.50
- Budget Limit Growth ($ Billions): 4.85%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $830.67
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $3,323
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $4,360.90
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $17,443.61
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $65.95
- Budget Limit ($ Billions): $69.15
- Budget Limit Growth ($ Billions): 4.85%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $2,509.44
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $10,037.76
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $7,441.78
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $29,767.10
Other Considerations
- Economic Freedom (2020) (Rank): 23 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,782 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 22 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,231 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.90% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 32 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 7.65% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 42 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 27 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.90% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 13 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 5.43% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 43 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.61% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 8 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,166 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 20 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 8 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 4 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 5.1 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 2 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.60% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 15 [Bureau of Labor Statistics]