State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $8.76
- Responsible Budget cap for 2024 state funds budget ($ Billions): $9.12
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$2,741.35
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$10,965.39
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$24,602.78
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$98,411.12
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $15.41
- Responsible Budget cap for 2024 total budget ($ Billions): $16.05
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$2,741.35
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$10,965.39
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$24,602.78
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$98,411.12
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $1,438 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 50 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $2,943 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 4.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 1 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): Z [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 3 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 9.40% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 4 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 1.76% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 46 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.04% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 21 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 2 [ALEC]
- Tax and Expenditure Limit (Rank): 3 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $21,129 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 50 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 11.70% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 33 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.90% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 39 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 65.10% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 10 [Bureau of Labor Statistics]