State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $8.32
- Responsible Budget cap for 2024 state funds budget ($ Billions): $8.91
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $464.27
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,857.09
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $1,511.36
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $6,045.45
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $17.39
- Responsible Budget cap for 2024 total budget ($ Billions): $18.62
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $464.27
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,857.09
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $1,511.36
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $6,045.45
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,405 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 29 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,402 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.70% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 29 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 5.80% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 31 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 15 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 5.80% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 30 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.02% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 37 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.67% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 38 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $9,635 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 2 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 8.50% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 10 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 10.20% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 41 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 62.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 25 [Bureau of Labor Statistics]