State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $19.62
- Responsible Budget cap for 2024 state funds budget ($ Billions): $20.50
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$30.81
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$123.22
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$366.09
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$1,464.34
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $31.91
- Responsible Budget cap for 2024 total budget ($ Billions): $33.34
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$30.81
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$123.22
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$366.09
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$1,464.34
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $2,447 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 45 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,953 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.30% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 13 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.95% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 23 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 11 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 42 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 8.33% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 12 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.01% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 22 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 3 [ALEC]
- Tax and Expenditure Limit (Rank): 1 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $10,802 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 10 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 10.80% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 28 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.30% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 32 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 62.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 26 [Bureau of Labor Statistics]