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 Over the Past Five Years
- Compared to the prior year, State spending increased $22.8 billion (12.2 percent) to $209 billion in 2022.
- Since 2018, the growth in State spending (27.8 percent) has exceeded the rate of inflation (Consumer Price Index increase of 12.1 percent).
- State spending has been partially paid for by borrowing $30.5 billion since 2018, including $3.4 billion in 2022.
- In 2022, State spending was $10,553 per person.
- Spending on public health and education represents 67.5 percent of total State spending.