State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $250.61
- Responsible Budget cap for 2024 state funds budget ($ Billions): $260.88
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $16,590.19
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $66,360.78
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $63,542.35
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $254,169.39
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $545.45
- Responsible Budget cap for 2024 total budget ($ Billions): $567.80
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $16,590.19
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $66,360.78
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $63,542.35
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $254,169.39
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $6,325 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 2 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $10,167 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 13.50% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 46 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 13.30% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 50 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 48 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 8.84% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 7 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 8.82% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 7 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.75% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 33 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 2 [ALEC]
- Tax and Expenditure Limit (Rank): 3 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $18,760 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 47 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 11.00% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 30 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 8.10% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 23 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 61.90% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 28 [Bureau of Labor Statistics]