Credit Ratings for state debt from S&P Global as of January 2017:
  AAA
  AA+
  AA
  AA-
  A+
  A
  A-
  BBB+
  BBB

This is a list of U.S. state government budgets as enacted by each state's legislature.

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.

State Budget (billions $)[note 1] Fiscal years Reference Budget per capita (in $)[note 1] S&P Credit rating in January 2017[1]
 Alabama 32.1 2019 [2] 6,577 201 AA
 Alaska 8.3 2020 [3] 11,254 211 AA+
 Arizona 43.4 2020 [4] 6,050 201 AA
 Arkansas 31.8 2018 [5] 10,585 201 AA
 California 286.5 2022-23 [6] 7,300 191 AA-
 Colorado 35.5 2019-20 [7] 6,236 201 AA
 Connecticut 21.5 2020 [8] 6,025 191 AA-
 Delaware 4.5 2020 [9] 4,603 221 AAA
 Florida 109.9 2022-23 [10] 4,277 221 AAA
 Georgia 48.7 2020 [11] 4,634 221 AAA
 Hawaii 15.4 2020 [12] 10,810 211 AA+
 Idaho 7.9 2018 [13] 4,601 211 AA+
 Illinois 50.4 2024 [14] 3,147 141BBB
 Indiana 21.0 2020 [15] 3,147 221 AAA
 Iowa 8.9 2020 [16][17] 2,815 221 AAA
 Kansas 18.4 2020 [18] 6,320 191 AA-
 Kentucky 36.6 2020 [19] 8,069 181 A+
 Louisiana 35.4 2018 [20] 7,591 201 AA
 Maine 8.0 2020-21 [21] 5,962 201 AA
 Maryland 51.2 2020 [22][23] 8,475 221 AAA
 Massachusetts 41.9 2019[note 2] [25] 6,068 211 AA+
 Michigan 81.7 2024 [26] 9,457 191 AA-
 Minnesota 23.9 2020 [27] 4,268 211 AA+
 Mississippi 21.1 2020 [28] 7,059 201 AA
 Missouri 30.0 2020 [29] 4,898 221 AAA
 Montana 5.1 2020 [30] 4,793 201 AA
 Nebraska 9.7 2019-20 [31] 5,024 221 AAA
 Nevada 26.3 2017-19 [32] 8,772 201 AA
 New Hampshire 6.0 2019[note 3] [34] 4,398 201 AA
 New Jersey 55.4 2020 [35] 6,224 161 A-
 New Mexico 19.1 2020 [36] 9,101 211 AA+
 New York 220 2022 [37] 9,087 211 AA+
 North Carolina 23.9 2018-19[note 4] [39] 2,303 221 AAA
 North Dakota 14.7 2019-21 [40] 19,328 211 AA+
 Ohio 161.9 2022-23 [41] 5,902 211 AA+
 Oklahoma 8.1 2020 [42] 2,062 211 AA+
 Oregon 112.8 2021-23 [43] 18,273 211 AA+
 Pennsylvania 38.6 2022 [44] 2,655 191 AA-
 Rhode Island 10.0 2020 [45] 9,430 201 AA
 South Carolina 29.5 2019-20 [46] 5,810 211 AA+
 South Dakota 4.9 2020 [47] 5,575 221 AAA
 Tennessee 38.6 2019-20 [48] 5,695 221 AAA
 Texas 143.2 2021 [49] 3,759 221 AAA
 Utah 29.36 2023-24 [50] 8,795 221 AAA
 Vermont 6.0 2020 [51] 9,580 211 AA+
 Virginia 159.9 2023-24 [52] 18,412 221 AAA
 Washington 122.7 2022-23 [53] 15,707 211 AA+
 West Virginia 13.8 2020 [54] 7,652 191 AA-
 Wisconsin 40.1 2019-20 [55] 6,901 201 AA
 Wyoming 8.9 2019-20 [56] 15,419 221 AAA
  1. ^ a b 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

References

  1. ^ "Rainy Day Funds and State Credit Ratings" (PDF). Pew Charitable Trusts. May 18, 2017. pp. 10–12. Retrieved 24 May 2018.
  2. ^ Fulford, Kirk (2019). Budget Fact Book – FY 2019 (PDF). Montgomery, Ala.: Alabama Legislative Fiscal Office. p. 1. Retrieved 3 July 2019.
  3. ^ Alaska Office of Management and Budget (28 June 2019). "Fiscal Year 2020 Enacted Budget Summary" (PDF). Retrieved 3 July 2019.
  4. ^ FY 2020 Appropriations Report (PDF). Phoenix, Ariz.: Arizona Joint Legislative Budget Committee. June 2019. p. BH-21. Retrieved 3 July 2019.
  5. ^ "FY 2018 Authorized Appropriation" (PDF). Arkansas Department of Finance and Administration. Arkansas Department of Finance and Administration. 15 August 2017. p. 7. Retrieved 11 June 2018.
  6. ^ "Ebudget".
  7. ^ Budget in Brief: Fiscal Year 2019–20 (PDF). Denver, Colo.: Colorado Joint Budget Committee. 2019. p. 5. Retrieved 3 July 2019.
  8. ^ Connecticut General Assembly Office of Fiscal Analysis (2019). "Fiscal Note for HB-7424 - AN ACT CONCERNING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE THIRTIETH, 2021, AND MAKING APPROPRIATIONS THEREFOR, AND IMPLEMENTING PROVISIONS OF THE BUDGET" (PDF). Connecticut General Assembly. Retrieved 3 July 2019.
  9. ^ Section 1, House Bill No. 225 of 2019. Delaware General Assembly. p. 58. Retrieved 3 July 2019.
  10. ^ Section 102, Act No. 115 of 2019. Florida Legislature. p. 433. Retrieved 3 July 2019.
  11. ^ House Bill No. 31 of 2019 (PDF). Georgia General Assembly. p. 3. Retrieved 3 July 2019.
  12. ^ "EXEC HB2 CD1 Worksheets" (PDF). Hawaii State Legislature. Hawaii State Legislature. p. 933. Retrieved 3 July 2019.
  13. ^ 2017 Legislative Fiscal Report (PDF). Boise, Idaho: Idaho Legislative Services Office. 2017. p. 33. Retrieved 11 June 2018.
  14. ^ "Gov. Pritzker Signs Fifth Balanced Budget" (Press release). Chicago: Illinois Office of the Governor. June 7, 2023. Retrieved June 7, 2023.
  15. ^ Indiana Legislative Services Agency (30 April 2019). "Fiscal Impact Statement for HB 1001" (PDF). Indiana General Assembly. p. 8. Retrieved 4 July 2019.
  16. ^ "Summary Data - General Fund" (PDF). Iowa Legislature. 27 April 2019. Retrieved 8 July 2019.
  17. ^ "Summary Data - Other Funds" (PDF). Iowa Legislature. 27 April 2019. Retrieved 8 July 2019.
  18. ^ Kansas Legislative Research Department (2019). 2019 Summary of Legislation (PDF). Topeka, Kan.: Kansas Legislative Research Department. p. 145.
  19. ^ 2018–2020 Budget of the Commonwealth – Budget in Brief (PDF). Frankfort, Ky.: Kentucky Office of the State Budget Director. 2018. p. 17. Retrieved 8 July 2019.
  20. ^ Carpenter, John D.; Brasseaux, Evan (2019). FY 20 Budget Executive Summary (PDF). Baton Rouge, La.: Louisiana Legislative Fiscal Office. p. 10. Retrieved 8 July 2019.
  21. ^ "Governor Mills Signs State's Two-Year Budget Into Law" (Press release). Maine Office of the Governor. 17 June 2019. Retrieved 8 July 2019.
  22. ^ "Operating - Fiscal Year 2020". General Assembly of Maryland. Retrieved 8 July 2019.
  23. ^ "Capital - Fiscal Year 2020". General Assembly of Maryland. Retrieved 8 July 2019.
  24. ^ Norton, Michael; Lisinski, Chris (2019-07-08). "A state budget doesn't seem urgent to Mass. lawmakers". Lowell Sun. State House News Service. Retrieved 2019-07-08.
  25. ^ "FY 2019 Budget - All Government Areas - Summary". FY 2019 Budget Summary. 10 August 2019. Retrieved 8 July 2019.
  26. ^ Gov. Whitmer Applauds Passage of ‘Make it in Michigan’ Budget. Lansing, Mich.: Executive Office of Governor Gretchen Whitmer. 2023. Retrieved 28 June 2023.
  27. ^ "Overall GF Budget, FY 2020-21 - Appropriation Tracking, Conference Jurisdictions - First Special Session, 2019 Regular Session" (PDF). Minnesota State Senate. Retrieved 8 July 2019.
  28. ^ Budget Bulletin – FY 2020 (PDF). Jackson, Miss.: Mississippi Legislative Budget Office. 2019. p. 21. Retrieved 8 July 2019.
  29. ^ "FY 2020 Totals by Department" (PDF). Missouri Division of Budget and Planning. Retrieved 8 July 2019.
  30. ^ "General Appropriations Act of 2019". Chapter No. 483 of 2019 (PDF). Montana State Legislature. pp. E-6. Retrieved 8 July 2019.
  31. ^ "All Fund Type Functional Summary, 2019‐2021 Biennium" (PDF). Nebraska State Budget Division. 2019. Retrieved 9 July 2019.
  32. ^ "Statewide Expenditure Summary by Function". Open Budget. Nevada Budget Division. Retrieved 11 June 2018.
  33. ^ Ramer, Holly (28 June 2019). "As expected, Sununu vetoes New Hampshire budget". WCAX. Associated Press. Retrieved 2019-07-09.
  34. ^ Section 1.07, Chapter No. 155 of 2017 (PDF). New Hampshire General Court. p. 833. Retrieved 9 July 2019.
  35. ^ Chapter No. 150 of 2019 (PDF). New Jersey Legislature. pp. 204, 234. Retrieved 9 July 2019.
  36. ^ "General Appropriation Act of 2019". Section 4, HB No. 2 of 2019 (PDF). New Mexico Legislature. p. 173. Retrieved 9 July 2019.
  37. ^ FY 2020 Enacted Budget Fiscal Plan (PDF). Albany, N.Y.: New York State Division of Budget. 2019. p. 7. Retrieved 22 June 2019.
  38. ^ Moomey, Liz (2019-07-08). "Political Notebook: General Assembly again considering budget after veto". Salisbury Post. Retrieved 2019-07-09.
  39. ^ "Where the Money Goes" (PDF). North Carolina General Assembly Fiscal Research Division. 1 August 2018. Retrieved 9 July 2019.
  40. ^ "Final Budget Status Report - Appropriations by Department" (PDF). North Dakota Legislature. 21 May 2019. Retrieved 9 July 2019.
  41. ^ "Belated state budget heads to governor". The Vindicator. Youngstown. Associated Press. 18 July 2019. Retrieved 25 July 2019.
  42. ^ Tygert, Mark (16 May 2019). "Fiscal Impact Report - HB 2765" (PDF). Oklahoma Legislature. p. 1. Retrieved 10 July 2019.
  43. ^ Rocco, Ken (2018). 2017–19 Budget Highlights Update (PDF). Salem, Ore.: Oregon Legislative Fiscal Office. p. 1. Retrieved 12 June 2018.
  44. ^ Pennsylvania Office of the Budget. "General Fund Tracking Run" (PDF). p. 10. Retrieved 10 July 2019.
  45. ^ Article 1, H No. 5175Aaa of 2019 (PDF). Rhode Island General Assembly. p. 30. Retrieved 10 July 2019.
  46. ^ "General Appropriations Act, 2019-20". Section 115, H No. 4000 of 2019. South Carolina General Assembly. p. 262. Retrieved 10 July 2019.
  47. ^ Clark, Liza (2019). State of South Dakota Budget in Brief: Fiscal Year 2020 (PDF). Pierre, S.Dak.: South Dakota Bureau of Finance and Management. p. 59. Retrieved 10 July 2019.
  48. ^ "2019-20 Budget Summary" (PDF). Tennessee General Assembly. Tennessee Office of Legislative Budget Analysis. 5 March 2019. p. 1. Retrieved 10 July 2019.
  49. ^ "Urban Institute State Fiscal Briefs". SB No. 1 of 2022. Retrieved 2 August 2022.
  50. ^ "Compendium of Budget Information for the 2023-2024 General Session". Retrieved 4 March 2023.
  51. ^ Bradley, Pat (19 June 2019). "Vermont Governor Signs 2020 State Budget". WAMC. Retrieved 10 July 2019.
  52. ^ "Budget Bill". Chapter No. 854 of 2016. Virginia General Assembly. Retrieved 10 July 2019.
  53. ^ "2019-21 Budget". Washington State Fiscal Website. Washington State Legislature. Retrieved 10 July 2019.
  54. ^ "Budget, Foster Care Bills Passed by Senate" (Press release). Charleston, W.Va.: West Virginia Legislature. 8 March 2019. Overall, the total appropriations for the bill rests at $13,818,886,210
  55. ^ Section 124, Act No. 9 of 2019 (PDF). Wisconsin Legislature. p. 5. Retrieved 10 July 2019.
  56. ^ 2019 Budget Fiscal Data Book (PDF). Cheyenne, Wyo.: Wyoming Legislative Service Office. 2018. p. 100. Retrieved 10 July 2019.

Further reading

Categories