State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $22.40
- Responsible Budget cap for 2024 state funds budget ($ Billions): $23.44
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $189.20
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $756.79
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,480.67
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,922.69
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $45.20
- Responsible Budget cap for 2024 total budget ($ Billions): $47.29
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $189.20
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $756.79
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,480.67
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,922.69
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,242 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 33 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,669 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 17 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.50% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 18 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 18 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 5.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 34 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.00% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 38 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.83% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 31 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,237 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 22 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 14.60% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 45 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 6.90% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 12 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 57.50% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 44 [Bureau of Labor Statistics]