State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $40.50
- Responsible Budget cap for 2024 state funds budget ($ Billions): $41.65
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$1,266.08
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$5,064.31
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$12,401.24
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$49,604.96
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $64.47
- Responsible Budget cap for 2024 total budget ($ Billions): $66.30
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$1,266.08
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$5,064.31
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$12,401.24
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$49,604.96
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,290 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 32 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,299 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.90% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 23 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.75% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 38 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 10 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 2.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 44 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.99% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 26 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.82% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 32 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $10,978 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 11 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 12.80% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 39 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 6.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 8 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 60.50% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 36 [Bureau of Labor Statistics]