State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $16.14
- Responsible Budget cap for 2024 state funds budget ($ Billions): $16.82
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $739.26
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $2,957.05
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,386.38
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,545.54
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $26.24
- Responsible Budget cap for 2024 total budget ($ Billions): $27.35
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $739.26
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $2,957.05
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $2,386.38
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $9,545.54
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,784 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 21 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,750 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 12.10% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 40 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.85% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 21 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 8 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 4.85% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 39 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 7.19% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 21 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.57% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 43 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,557 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 26 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 7.50% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 4 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 9.70% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 36 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 68.50% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 3 [Bureau of Labor Statistics]