List of U.S. state budgets

Last updated

Credit Ratings for state debt from S&P Global as of January 2017:
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This is a list of U.S. state government budgets as enacted by each state's legislature.

Contents

A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023.

StateBudget (billions $) [note 1] Fiscal yearsReferenceBudget per capita (in $) [note 1] S&P Credit rating in January 2017 [1]
Flag of Alabama.svg  Alabama 32.12019 [2] 6,577 AA
Flag of Alaska.svg  Alaska 8.32020 [3] 11,254 AA+
Flag of Arizona.svg  Arizona 43.42020 [4] 6,050 AA
Flag of Arkansas.svg  Arkansas 31.82018 [5] 10,585 AA
Flag of California.svg  California 286.52022-23 [6] 7,300 AA-
Flag of Colorado.svg  Colorado 35.52019-20 [7] 6,236 AA
Flag of Connecticut.svg  Connecticut 21.52020 [8] 6,025 AA-
Flag of Delaware.svg  Delaware 4.52020 [9] 4,603 AAA
Flag of Florida.svg  Florida 109.92022-23 [10] 4,277 AAA
Flag of Georgia (U.S. state).svg  Georgia 48.72020 [11] 4,634 AAA
Flag of Hawaii.svg  Hawaii 15.42020 [12] 10,810 AA+
Flag of Idaho.svg  Idaho 7.92018 [13] 4,601 AA+
Flag of Illinois.svg  Illinois 50.42024 [14] 3,147BBB
Flag of Indiana.svg  Indiana 21.02020 [15] 3,147 AAA
Flag of Iowa.svg  Iowa 8.92020 [16] [17] 2,815 AAA
Flag of Kansas.svg  Kansas 18.42020 [18] 6,320 AA-
Flag of Kentucky.svg  Kentucky 36.62020 [19] 8,069 A+
Flag of Louisiana.svg  Louisiana 35.42018 [20] 7,591 AA
Flag of Maine.svg  Maine 8.02020-21 [21] 5,962 AA
Flag of Maryland.svg  Maryland 51.22020 [22] [23] 8,475 AAA
Flag of Massachusetts.svg  Massachusetts 41.92019 [note 2] [25] 6,068 AA+
Flag of Michigan.svg  Michigan 81.72024 [26] 9,457 AA-
Flag of Minnesota.svg  Minnesota 23.92020 [27] 4,268 AA+
Flag of Mississippi.svg  Mississippi 21.12020 [28] 7,059 AA
Flag of Missouri.svg  Missouri 30.02020 [29] 4,898 AAA
Flag of Montana.svg  Montana 5.12020 [30] 4,793 AA
Flag of Nebraska.svg  Nebraska 9.72019-20 [31] 5,024 AAA
Flag of Nevada.svg  Nevada 26.32017-19 [32] 8,772 AA
Flag of New Hampshire.svg  New Hampshire 6.02019 [note 3] [34] 4,398 AA
Flag of New Jersey.svg  New Jersey 55.42020 [35] 6,224 A-
Flag of New Mexico.svg  New Mexico 19.12020 [36] 9,101 AA+
Flag of New York.svg  New York 2202022 [37] 9,087 AA+
Flag of North Carolina.svg  North Carolina 23.92018-19 [note 4] [39] 2,303 AAA
Flag of North Dakota.svg  North Dakota 14.72019-21 [40] 19,328 AA+
Flag of Ohio.svg  Ohio 161.92022-23 [41] 5,902 AA+
Flag of Oklahoma.svg  Oklahoma 8.12020 [42] 2,062 AA+
Flag of Oregon.svg  Oregon 112.82021-23 [43] 18,273 AA+
Flag of Pennsylvania.svg  Pennsylvania 38.62022 [44] 2,655 AA-
Flag of Rhode Island.svg  Rhode Island 10.02020 [45] 9,430 AA
Flag of South Carolina.svg  South Carolina 29.52019-20 [46] 5,810 AA+
Flag of South Dakota.svg  South Dakota 4.92020 [47] 5,575 AAA
Flag of Tennessee.svg  Tennessee 38.62019-20 [48] 5,695 AAA
Flag of Texas.svg  Texas 143.22021 [49] 3,759 AAA
Flag of Utah.svg  Utah 29.362023-24 [50] 8,795 AAA
Flag of Vermont.svg  Vermont 6.02020 [51] 9,580 AA+
Flag of Virginia.svg  Virginia 159.92023-24 [52] 18,412 AAA
Flag of Washington.svg  Washington 122.72022-23 [53] 15,707 AA+
Flag of West Virginia.svg  West Virginia 13.82020 [54] 7,652 AA-
Flag of Wisconsin.svg  Wisconsin 40.12019-20 [55] 6,901 AA
Flag of Wyoming.svg  Wyoming 8.92019-20 [56] 15,419 AAA
  1. 1 2 Some figures are approximate.
  2. The FY 2020 budget for the Commonwealth of Massachusetts has not yet been passed. [24]
  3. The FY 2020 budget for the State of New Hampshire passed by the legislature was vetoed by the Governor. [33]
  4. The FY 2020 budget for the State of North Carolina passed by the legislature was vetoed by the Governor. [38]

See also

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Further reading