State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $30.35
- Responsible Budget cap for 2024 state funds budget ($ Billions): $31.76
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$18.86
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$75.46
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$1,438.11
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$5,752.46
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $38.35
- Responsible Budget cap for 2024 total budget ($ Billions): $40.14
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$18.86
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$75.46
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$1,438.11
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$5,752.46
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $6,120 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 3 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $12,151 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 15.40% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 49 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 6.99% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 40 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 47 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 15 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.35% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 33 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.79% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 5 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $13,175 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 29 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 9.20% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 18 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 11.70% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 46 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.80% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 12 [Bureau of Labor Statistics]