State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $20.24
- Responsible Budget cap for 2024 state funds budget ($ Billions): $21.04
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$30.70
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$122.82
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$96.17
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$384.66
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $39.98
- Responsible Budget cap for 2024 total budget ($ Billions): $41.55
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$30.70
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$122.82
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$96.17
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$384.66
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $2,651 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 42 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,762 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.10% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 12 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.25% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 15 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 39 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 15 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 9.55% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.56% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 46 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 2 [ALEC]
- Tax and Expenditure Limit (Rank): 3 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,451 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 25 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 17.20% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 49 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 5.40% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 3 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 58.60% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 42 [Bureau of Labor Statistics]