State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $19.71
- Responsible Budget cap for 2024 state funds budget ($ Billions): $20.57
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $379.14
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,516.57
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,329.16
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,316.65
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $32.52
- Responsible Budget cap for 2024 total budget ($ Billions): $33.94
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $379.14
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,516.57
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,329.16
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,316.65
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,875 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 19 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,031 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.20% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 26 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.90% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 22 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 40 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 5.30% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 33 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 9.46% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 3 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.64% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 39 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $9,626 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 1 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 15.10% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 47 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 7.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 14 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 57.40% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 45 [Bureau of Labor Statistics]