State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $50.29
- Responsible Budget cap for 2024 state funds budget ($ Billions): $51.61
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$973.81
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$3,895.24
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,275.99
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,103.95
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $87.15
- Responsible Budget cap for 2024 total budget ($ Billions): $89.44
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$973.81
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$3,895.24
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,275.99
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,103.95
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $2,963 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 37 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $5,530 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.00% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 24 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 3.99% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 14 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 37 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 50 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 7.24% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 20 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.59% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 9 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $13,572 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 31 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 12.30% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 37 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 7.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 13 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 61.20% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 32 [Bureau of Labor Statistics]