State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $4.31
- Responsible Budget cap for 2024 state funds budget ($ Billions): $4.54
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $11.54
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $46.16
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $125.18
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $500.74
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $8.20
- Responsible Budget cap for 2024 total budget ($ Billions): $8.63
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $11.54
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $46.16
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $125.18
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $500.74
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $2,313 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 47 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,593 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 16 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): Z [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 6 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 15 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 0% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 47 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.93% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 3 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $10,790 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 8 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 5.60% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 1 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 10.30% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 42 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 66.00% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 9 [Bureau of Labor Statistics]