State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $14.14
- Responsible Budget cap for 2024 state funds budget ($ Billions): $14.41
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$1,256.41
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$5,025.63
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$10,357.81
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$41,431.25
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $20.17
- Responsible Budget cap for 2024 total budget ($ Billions): $20.55
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$1,256.41
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$5,025.63
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$10,357.81
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$41,431.25
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,391 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 30 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,479 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 9.80% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 22 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 6.50% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 20 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 6.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 23 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.55% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 31 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.57% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 44 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,650 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 27 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 15.00% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 46 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 8.60% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 27 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 54.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 49 [Bureau of Labor Statistics]