State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $8.30
- Responsible Budget cap for 2024 state funds budget ($ Billions): $8.58
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $286.92
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,147.66
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $994.97
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $3,979.89
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $16.54
- Responsible Budget cap for 2024 total budget ($ Billions): $17.12
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $286.92
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,147.66
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $994.97
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $3,979.89
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,965 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 16 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,948 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 11.40% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 36 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 5.99% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 33 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 42 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 20 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 7.00% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 24 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.40% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 13 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 2 [ALEC]
- Tax and Expenditure Limit (Rank): 3 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $13,411 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 30 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 9.00% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 16 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 6.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 7 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 62.90% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 24 [Bureau of Labor Statistics]