State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $25.39
- Responsible Budget cap for 2024 state funds budget ($ Billions): $26.23
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $353.40
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,413.61
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $1,010.85
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $4,043.40
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $50.43
- Responsible Budget cap for 2024 total budget ($ Billions): $52.09
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $353.40
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $1,413.61
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $1,010.85
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $4,043.40
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $2,864 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 38 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,036 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 7.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 3 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): Z [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 14 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 6.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 23 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 9.55% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 2 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.67% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 37 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 2 [ALEC]
- Tax and Expenditure Limit (Rank): 3 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $10,334 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 6 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 12.20% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 35 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 8.10% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 24 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 58.90% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 41 [Bureau of Labor Statistics]