State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $58.26
- Responsible Budget cap for 2024 state funds budget ($ Billions): $61.73
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,796.54
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $7,186.14
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $6,179.11
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $24,716.46
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $82.56
- Responsible Budget cap for 2024 total budget ($ Billions): $87.48
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,796.54
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $7,186.14
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $6,179.11
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $24,716.46
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $4,714 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 10 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $9,648 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 13.20% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 45 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 10.75% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 47 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 50 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 11.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 1 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.60% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 30 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 2.23% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 1 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $13,098 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 28 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 7.40% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 3 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 28 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.10% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 18 [Bureau of Labor Statistics]