Spending generally reflects the State’s program priorities. Comparing spending to revenue provides an indication of the State’s ability to support continuing programs. State spending, which includes spending from federal funds, is recorded on a cash basis.
Growth in State Spending Has Exceeded the Rate of Inflation During the Past Five Years
- Compared to the prior year, State spending increased $2.1 billion (1.2 percent) to $173 billion in 2020.
- Since 2016, the growth in State spending (14.8 percent) has exceeded the rate of inflation (Consumer Price Index increase of 6.7 percent).
- State spending has been partially paid for by borrowing $23.8 billion since 2016, including $5.5 billion in 2020.
- In 2020, State spending was $8,892 per person.
- Spending on public health and education represents 72.4 percent of total State spending.