State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $6.11
- Responsible Budget cap for 2024 state funds budget ($ Billions): $6.29
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $61.48
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $245.91
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $502.45
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $2,009.81
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $9.08
- Responsible Budget cap for 2024 total budget ($ Billions): $9.35
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $61.48
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $245.91
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $502.45
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $2,009.81
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $5,044 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 8 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,403 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 8.80% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 7 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 2.90% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 17 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.31% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 41 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.97% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 27 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.98% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 23 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $15,043 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 42 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 9.10% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 17 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.90% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 38 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 69.10% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 2 [Bureau of Labor Statistics]