State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $52.99
- Responsible Budget cap for 2024 state funds budget ($ Billions): $55.55
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$8.17
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$32.67
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$169.90
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$679.61
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $73.83
- Responsible Budget cap for 2024 total budget ($ Billions): $77.41
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$8.17
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$32.67
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$169.90
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$679.61
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $5,202 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 7 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $9,405 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 11.50% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 37 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 9.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 28 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 34 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 8.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 12 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.25% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 36 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.14% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 18 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $17,065 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 45 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 7.90% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 6 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.40% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 33 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 13 [Bureau of Labor Statistics]