State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $124.07
- Responsible Budget cap for 2024 state funds budget ($ Billions): $127.62
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,410.19
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $5,640.74
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $4,835.25
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $19,340.98
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $201.48
- Responsible Budget cap for 2024 total budget ($ Billions): $207.24
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,410.19
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $5,640.74
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $4,835.25
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $19,340.98
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $4,714 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 9 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $12,083 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 15.90% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 50 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 10.90% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 48 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 49 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.25% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 18 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 8.52% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 10 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.40% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 12 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $20,761 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 49 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 12.30% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 36 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.10% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 30 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 60.40% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 37 [Bureau of Labor Statistics]