State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $30.61
- Responsible Budget cap for 2024 state funds budget ($ Billions): $31.49
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,767.23
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $7,068.92
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $9,302.21
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $37,208.82
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $47.39
- Responsible Budget cap for 2024 total budget ($ Billions): $48.75
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,767.23
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $7,068.92
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $9,302.21
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $37,208.82
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $2,861 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 39 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,156 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.50% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 15 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 2.50% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 10 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 19 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.90% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 37 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 8.37% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 11 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.63% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 40 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 2 [ALEC]
- Tax and Expenditure Limit (Rank): 3 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $10,797 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 9 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 11.20% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 32 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 12.10% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 49 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 61.60% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 30 [Bureau of Labor Statistics]