State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $45.03
- Responsible Budget cap for 2024 state funds budget ($ Billions): $46.30
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,160.28
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $4,641.10
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $4,916.49
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $19,665.97
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $63.97
- Responsible Budget cap for 2024 total budget ($ Billions): $65.78
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: $1,160.28
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: $4,641.10
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): $4,916.49
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): $19,665.97
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,782 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 22 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,231 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.90% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 32 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 7.65% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 42 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 27 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.90% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 13 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 5.43% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 43 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.61% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 8 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 1 [ALEC]
- Tax and Expenditure Limit (Rank): 15 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,166 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 20 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 8.60% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 12 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 6.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 5 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.60% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 15 [Bureau of Labor Statistics]