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 $13.6 billion (7.9 percent) to $187 billion in 2021.
- Since 2017, the growth in State spending (18.8 percent) has exceeded the rate of inflation (Consumer Price Index increase of 7.7 percent).
- State spending has been partially paid for by borrowing $30.2 billion since 2017, including $9.4 billion in 2021.
- In 2021, State spending was $9,649 per person.
- Spending on public health and education represents 66.8 percent of total State spending.