State Funds Data
- Est. 2023 State Funds Budget ($ Billions): $4.11
- Responsible Budget cap for 2024 state funds budget ($ Billions): $4.21
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$208.42
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$833.66
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$583.24
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$2,332.97
Total Budget Data
- Est. 2023 Total Budget ($ Billions): $5.00
- Responsible Budget cap for 2024 total budget ($ Billions): $5.12
- Cost per person of budgeting more than pop+inf over the last decade in 2021 budget: -$208.42
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2021 budget: -$833.66
- Cumulative cost per person of budgeting more than pop+inf over the last decade (2012-21): -$583.24
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade (2012-21): -$2,332.97
Other Considerations
- State Tax Collections Per Capita (FY2021) ($): $3,239 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 34 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,691 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 7.50% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 2 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 1 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): Z [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 1 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 0.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 50 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 5.36% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 44 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.56% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 47 [Tax Foundation]
- Supermajority requirement to raise taxes (Y/N): [ALEC]
- Tax and Expenditure Limit (0-3): 0 [ALEC]
- Tax and Expenditure Limit (Rank): 32 [ALEC]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $19,235 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 48 [US Government Spending]
- Official Poverty Rate (2019-21)(%): 9.40% [Census Bureau]
- Official Poverty Rate (2019-21) (Rank): 21 [Census Bureau]
- Supplemental Poverty Rate (2019-21) (%): 8.00% [Census Bureau]
- Supplemental Poverty Rate (2019-21) (Rank): 22 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 63.80% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 19 [Bureau of Labor Statistics]