State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $10.20
- Responsible Budget cap for 2024 state funds budget ($ Billions): $10.76
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $93.00
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $372.01
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $457.66
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $1,830.64
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $14.52
- Responsible Budget cap for 2024 total budget ($ Billions): $15.32
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $93.00
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $372.01
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $457.66
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $1,830.64
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $5,378 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 6 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $7,170 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 12.40% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 42 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 6.60% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 37 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 16 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 8.70% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 8 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 0% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 47 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.61% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 41 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $13,804 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 32 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 9.60% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 23 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 5.10% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 1 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 59.80% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 38 [Bureau of Labor Statistics]