State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $4.40
- Responsible Budget cap for 2024 state funds budget ($ Billions): $4.55
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $74.59
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $298.35
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $438.27
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $1,753.08
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $7.96
- Responsible Budget cap for 2024 total budget ($ Billions): $8.24
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $74.59
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $298.35
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $438.27
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $1,753.08
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $6,356 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 1 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $7,958 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 13.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 47 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 8.75% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 28 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 44 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 8.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 9 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.30% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 35 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.83% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 4 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $16,518 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 44 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 8.20% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 8 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 8.40% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 26 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 63.40% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 22 [Bureau of Labor Statistics]