State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $23.02
- Responsible Budget cap for 2024 state funds budget ($ Billions): $24.15
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$1,184.33
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$4,737.33
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $485.63
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $1,942.52
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $39.81
- Responsible Budget cap for 2024 total budget ($ Billions): $41.75
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$1,184.33
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$4,737.33
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $485.63
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $1,942.52
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,238 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 35 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,699 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.70% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 19 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.40% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 17 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 21 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.40% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 40 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 7.78% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 15 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.55% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 48 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 3 [ALEC]
- Tax and Expenditure Limit (Rank): 1 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $14,258 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 38 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 8.90% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 14 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 7.40% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 17 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 68.00% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 6 [Bureau of Labor Statistics]