The World Bank. However, for countries with rapidly growing populations such as those in Africa and South Asia, reporting GDP growth can be highly misleading because a country can show GDP growth overall but a decline in per capita growth. Afghanistan has been used as an example where in 2013 the nation's economy grew by 2.8% overall but declined by 0.7% on a per capita basis. . Texas remains near the bottom of state rankings (36th nationwide) in classroom spending, more than $2,300 less per pupil than the national average." According to the report, Texas received a grade of A- and a numerical score of 93.5, indicating that Texas was "Leading" in terms of transparency regarding state spending.[17]. | The total state debt owned by the 50 states was $1.15 trillion with a per capita debt of $3,582. Its overall score has decreased by 1.1 points, primarily because of a decline in fiscal health. Redistricting, List of Texas ballot measures | The formula, how to calculate, annual data since 1947. Campaign finance requirements | If no bills are displayed below, no legislation pertaining to this topic has been introduced in the legislature recently. Therefore, it can be a misleading number because it includes everyone from infants to senior citizens, and fails to account for statistical outliers. width: 650 September 27, 2017: Louis Malfaro, president of the Texas branch of the American Federation of Teachers, wrote an op-ed calling upon the legislature and governor to increase state funding for public schools, claiming, "Since the early 2000s, funding for public education in Texas, adjusted for inflation, has been flat. Local measures | Immigration | Real median household income in the United States from 2014-2018 was $60,293 whereas per capita income was $32,621.. “GDP per capita (current US$) - Afghanistan.” Accessed August 18, 2020. Accessed August 18, 2020. [4], The table below notes what share of Texas’ general revenues came from the federal government in 2014. Public education | Ballotpedia features 321,342 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. That year, Texas received approximately $38.6 billion in federal aid, 31.8 percent of the state's general revenues. Share of State, Local & Federal Government Employees: Full Weight (~1.85 Points) Quality of Education & Health – Total Points: 25. The state debt per capita was $1,759. State Senate | Taking into consideration the state's 2014 population, this came out to about $1,434 in federal aid per capita. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. This information is provided by BillTrack50 and LegiScan. Public pensions | Exactly half of the people considered earn above the median income figure while the other half earn below that number. Per capita GDP growth for these years was 1.82%, about the same as the average annual growth rate of 1.87% for the period 1946 to 2010 (The Maddison Project, 2013). “GDP per capita (current US$) - United States.” Accessed August 18, 2020. Per capita is a term used in economic and statistical analysis that means per person. Checklist; Electoral list, a grouping of candidates Personal healthcare spending reached $3.2 trillion in 2019, or $9,770 per capita. Taxes. The most common instances of per capita are gross domestic product (GDP) per capita and income per capita. sortDir: "desc", 2021 legislative session | It is most often used in reference to metrics of a country and how that metric applies to the population of that country. The economic health of a state can significantly affect its healthcare costs, insurance coverage, access to care, and citizens' physical and mental health. backImage: "flat", Click here to contact us for media inquiries, and please donate here to support our continued expansion. Drug Arrests per Capita: Half Weight (~2.78 Points) Drug Arrests on College Campuses per … [1][6][7], Public school funding in Texas The Gross Domestic Product per capita in the United States was last recorded at 62682.80 US dollars in 2019, when adjusted by purchasing power parity (PPP). This information comes from the United States Census Bureau, a report produced by State Budget Solutions (SBS) focusing on state and local government budgets, and a report by Truth in Accounting focusing on debt per capita. In 2014, federal aid to the states accounted for roughly 31 percent of all state general revenues. For example, China is now the second-largest economy with a GDP of $12.01 trillion in 2017—around 40% lower than the United States'. However, China has far more people than the United States, and so the per capita GDP for China is just $16,700. As is typical, the District of Columbia’s per capita spending exceeded all states’ at $19,053. Energy | borderColor: "#9C9C9C", Read Ballotpedia's fact check », State debt refers to any debt owned by a state government. “The World Factbook - China.” Accessed August 18, 2020. The total estimated government spending in Texas in fiscal year 2016 was $127.3 billion. We also reference original research from other reputable publishers where appropriate. Per capita is a Latin term that translates into "by head," basically meaning "average per person." “GDP (current US$) - Afghanistan.” Accessed August 18, 2020. Is Malfaro correct? The following is a list of recent budget and finance bills that have been introduced in or passed by the Texas state legislature. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Population: 652,429; GDP per capita: Int$ 129,103 Macau is a Special Administrative Region of China, and so is not an independent country in itself. Per capita information is often contrasted with median information, which provides a clearer picture as it considers outliers. The median income is the income level in the very middle of a list of incomes. China’s economic freedom score is 58.4, making its economy the 107th freest in the 2021 Index. Per capita is a term primarily used in economics and statistics to determine how certain metrics apply to a population. It means to share and share alike according to the number of individuals. For countries where the population is not increasing rapidly, the difference between GDP per capita growth and total GDP growth is minimal. linkColor: "#0b0080", Election governance | title: "Texas state budget and finances", Court of Appeals | Healthcare | The World Bank. Per capita is used when comparing a certain economic metric to a population. These include white papers, government data, original reporting, and interviews with industry experts. To learn more about each of these bills, click the bill title. About 88.9 percent of Texas' total state tax collections came from sales taxes and gross receipts. Largest cities | [16], The legislature is constitutionally required to adopt a balanced budget. For instance, during economic downturns, employers may reduce insurance coverage for employees, while those who are laid off may lose coverage altogether. For national economic indicators, such as gross domestic product (GDP) or gross national product (GNP), the total figure is certainly of interest. 10 Idaho ($6,766) and Georgia ($6,865) had the lowest per capita spending in 2017. It is often used as an apples to apples comparison between countries with different population sizes. Ballotpedia has tracked the following ballot measures relating to state and local budget and financial matters in Texas. In 2018, the median income per capita was $33,706 ($2.374 less than average, or per capita, income), according to the U.S. Census. Per capita expresses the average number for all of the citizens of a particular country or area. Between fiscal years 2015 and 2016, total government spending in Texas increased by approximately $8.0 billion—from $119.3 billion in fiscal year 2015 to an estimated $127.3 billion in 2016. Texas does not collect an income tax. U.S. Census Bureau. | Show dollars as: Nominal Real Total household debt increased by $206 billion (1.4 percent) to $14.56 trillion in the fourth quarter of 2020. The Four Asian Tigers define the high-growth economies of Hong Kong, Singapore, South Korea, and Taiwan. Note: Due to the nature of the sorting process used to generate this list, some results may not be relevant to the topic. Note: Gross state product (GSP) on its own is not necessarily an indicator of economic health; GSP may also be influenced by state population size. Financial regulation | The state also had the largest portion of residents that earned incomes above 400 percent of the federal poverty level in 2013.[12][13][14][15]. The World Bank. The most common uses of per capita are gross domestic product (GDP) per capita and income per capita. disputes, lawsuits, and recounts, Submit a photo, survey, video, conversation, or bio. The governor must sign a balanced budget into law.[16]. Judicial Selection | Each state’s share is determined by its Federal Medical Assistance Percentage (FMAP), set annually based on per capita income. Click here to contact our editorial staff, and click here to report an error. The tables below give the outstanding state debt for each of the 50 states as of 2015. tForeground: "#444444", It has the second-highest life expectancy in the world, at 84.30 years, and the richest economy in the world today by GDP per capita. State constitution, Courts in Texas | The percentage of uninsured Americans decreased to 8% in 2019, near the 2017 low of 7.9%. This ranked Texas sixth among the states in debt and 42nd in per capita debt. height: 300, Public Interest Research Group 2016 report, Proportion of state revenues from federal funds, Officials and candidates affected by coronavirus, U.S. Department of Commerce, Bureau of Economic Analysis, State government tax collections by source, State spending by function as a percent of total expenditures, National Association of State Budget Officers, Appropriations Committee, Texas House of Representatives, Ways & Means Committee, Texas House of Representatives, Voting on state and local government budgets, spending, and finance, State and local government budgets, spending and finance on the ballot, Texas Appropriations for Assistance Grants, Proposition 3 (May 1971), Texas Assistance for Economic Development, Proposition 4 (1987), Texas Assistance for Needy Children, Proposition 2 (1982), Texas Assistance for Spouses and Children, Proposition 7 (August 1969), Texas Assistance for the Disabled, Proposition 15 (1966), Texas Assistance for the Disabled, Proposition 8 (1962), Texas Assistance for the Needy, Proposition 2 (1951), Texas Assistance for the Needy, Proposition 2 (1962), Texas Assistance for the Needy, Proposition 2 (1963), Texas Assistance for the Needy, Proposition 5 (August 1969), Texas Assistance for the Needy, Proposition 8 (1954), Texas Buffer Areas for Military Installations, Proposition 1 (2009), Texas Building Construction at John Tarleton Agricultural College, Proposition 3 (1942), Texas Building Construction for John Tarleton Agricultural College, Proposition 1 (1946), Texas Certification of Appropriations Bills, Proposition 1 (1942), Texas Compensation Fund for Victims of Crimes, Proposition 10 (1997), Texas Confederate Pension Fund Transfer, Proposition 11 (1954), Texas Construction for Institutions of Higher Learning, Proposition 3 (1956), Texas County Permanent School Fund, Proposition 14 (1972), Texas Debt Payment Excepted from Appropriations Limitations Amendment (2015), Texas Economic Development Program Loans, Proposition 3 (2005), Texas Economic Stabilization Fund, Proposition 2 (1988), Texas Expenditures for State Promotion, Proposition 7 (1958), Texas Farm and Ranch Finance Program, Proposition 3 (1995), Texas Federal Reimbursement of State Highway Funds, Proposition 1 (1988), Texas Finance Constitutional Provisions, Proposition 5 (1975), Texas Financial Assistance for Fire Departments, Proposition 17 (1989), Texas Financing Products and Businesses, Proposition 3 (1989), Texas Funding for Institutions of Higher Learning, Proposition 13 (1993), Texas Funding for Transportation Projects, Proposition 14 (September 2003), Texas Governor Fiscal Control, Proposition 5 (1980), Texas Grain Warehouse Fund, Proposition 1 (1987), Texas Growth Fund Investment, Proposition 9 (1995), Texas Growth Fund Investments, Proposition 6 (1997), Texas Higher Education Assistance Fund, Proposition 2 (1984), Texas Improvements for Institutions of Higher Education, Proposition 1 (1965), Texas Investing Proceeds from Sale of Lands, Proposition 3 (August 1883), Texas Investing School Funds in Bonds, Proposition 3 (August 1897), Texas Investment of University Funds, Proposition 8 (1932), Texas Investment of the Permanent School Fund, Proposition 4 (1942), Texas Investment of the Permanent University Fund, Proposition 2 (1930), Texas Investment of the Permanent University Fund, Proposition 3 (1968), Texas Investment of the Permanent University Fund, Proposition 5 (1951), Texas Investment of the Public School Fund, Proposition 1 (1896), Texas Land for Permanent School Fund, Proposition 4 (1985), Texas Lending State Credit, Proposition 5 (1954), Texas Local Government Investments, Proposition 19 (1989), Texas Medical Care for the Needy Elderly, Proposition 3 (1964), Texas Mobility Fund, Proposition 15 (2001), Texas Mutual Insurance Premiums, Proposition 6 (1984), Texas Permanent School Fund Amendment, Proposition 6 (2011), Texas Permanent School Fund Transfer, Proposition 1 (1964), Texas Permanent University Fund Investment, Proposition 17 (1999), Texas Proposition 5, Sales Tax on Sporting Goods Dedicated to Parks, Wildlife, and Historical Agencies Amendment (2019), Texas Proposition 7, Increase Distributions to School Fund Amendment (2019), Texas Proposition 8, Flood Infrastructure Fund Amendment (2019), Texas Public Assistance, Proposition 2 (1968), Texas Rail Relocation and Improvement, Proposition 1 (2005), Texas Red River County Indebtedness, Proposition 4 (1940), Texas Reorganization of University Funds, Proposition 5 (May 1919), Texas Repayment of Transportation Funds, Proposition 2 (1991), Texas Retirement, Disability and Death Compensation System, Proposition 2 (1946), Texas Retirement Fund Investment, Proposition 7 (1991), Texas Retirement Fund for School Employees, Proposition 4 (1936), Texas Sales and Use Tax Revenue for Transportation Amendment, Proposition 7 (2015), Texas School District Bonds, Proposition 12 (1989), Texas State Appropriations, Proposition 9 (1985), Texas State Debt Payable from General Fund, Proposition 11 (1997), Texas State Finance Committee, Proposition 3 (1981), Texas State Financing of Texas Business, Proposition 6 (1987), Texas State Medical Education Fund, Proposition 2 (1952), Texas State Water Fund Amendment, Proposition 6 (2013), Texas Student Loans, Proposition 8 (August 1969), Texas Survivors of Public Servants, Proposition 3 (1984), Texas Tomorrow Fund, Proposition 13 (1997), Texas Transferring Monies from the Permanent School Fund, Proposition 5 (August 1891), Texas University Fund Investment, Proposition 5 (August 1887), Texas Use of the Permanent School Fund, Proposition 9 (September 2003), Texas Veterans' Housing Assistance, Proposition 8 (1985), Texas Veterans' Land Fund, Proposition 1 (1951), Texas Veterans' Land Fund, Proposition 2 (1965), Texas Veterans' Land Fund, Proposition 2 (1977), Texas Veterans' Land Fund, Proposition 3 (1967), Texas Veterans' Land Fund, Proposition 5 (1956), Texas Veterans' Land Fund, Proposition 7 (1973), Texas Water Laterals, Proposition 3 (1985), Historical Texas budget and finance information, Federal outlays to state government (2014-2017), State tax revenue projections and shortfalls (2020-2021), Proportion of state government general revenues from the federal government (2014-2018), State unfunded public pension liabilities, 2003-2018, https://ballotpedia.org/wiki/index.php?title=Texas_state_budget_and_finances&oldid=8172605, Tracking election The figures here are represented per capita. “Gross domestic product 2019,” Page 1. People. Figures in the columns labeled "2016 population" and "Per capita collections" have not been abbreviated. Missouri Per Capita Income. [4], The table below breaks down estimated spending totals for fiscal year 2016 (comparable figures from surrounding states are included to provide additional context). Ballot measure laws | Individuals also tend to spend less on non-urgent care or postpone visits to the doctor when times are hard. In Texas in fiscal year 2015, 88.9 percent of total tax revenues came from sales taxes and gross receipts. Just this alone takes up $24k from the $36k per year. Sequence, an ordered list of elements, especially one of infinite length; Tuple, an ordered list of finite length; Multiset, a list/set of elements which can have multiplicity different than 1; Enumerations. This represents a 6.7-percent increase. Standard of living refers to the quantity and quality of material goods and services available to a given population. Compared to the US per capita income, Missouri per capita income is $3,916 lower. State executives | The World Bank. Per capita U.S. state and local government debt outstanding 2017, by state State and local debt in the U.S. as a percentage of GDP in 2017, by state Gross public debt of U.S. states 2000-2025 District Courts | County Courts | rows: 25, During this period, the average annual U.S. population growth rate was 1.70% which is higher than the average of 1.29% for the 20th century as a whole. Note: This metric measures the number of new unit permits pulled per capita. Median income is a more accurate reflection of average Americans' actual incomes because it accounts for income inequality that per capita (or average) income can hide. GDP per capita (current US$) - United States, For World Population Day, a look at the countries with the biggest projected gains – and losses – by 2100, GDP per capita (current US$) - Afghanistan. The GDP per Capita, in the United States, when adjusted by Purchasing Power Parity is equivalent to 353 percent of the world's average. }); The link below is to the most recent stories in a Google news search for the terms Texas budget. sortBy: "0", stateFilter: "TX", The median income in this instance will take into account any outliers. Debt may include any financial obligations a state has that have not been paid, such as bonds issued by state governments, money borrowed by a state government that has not been repaid, or post-retirement benefits promised to state employees. Georgia Per Capita Income. The United States' population in the same period was approximately 326 million. According to the U.S. Census Bureau, Texas had a debt of $48,237,511,000 in fiscal year 2015. The following standing committees in the Texas State Legislature deal with budget and finance matters: The U.S. Public Interest Research Group, a consumer-focused nonprofit organization based in Washington, D.C., released its annual report on state transparency websites in April 2016. Per capita means the average per person and is often used in place of "per person" in statistical observances. That results in a GDP per capita of $59,800., In economic analysis, per capita is used as an apples to apples comparison between countries, as all countries have different populations. Texas state budget and finances - Google News, Texas Governor's Office of Budget, Planning and Policy Figures for all columns except "Population” and “Per capita spending" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). The ACS survey shows the median per capita income for Missouri was $31,756 in 2019. The World Bank. School districts in Texas | Per capita income numbers for 2020 will be released in September of 2021. State legislature | Municipal Courts | Largest counties | Pew Research Center. In fiscal year 2015, education accounted for 37.5 percent of Texas' total expenditures. Per capita income numbers for 2020 will be released in September of 2021. Austin, Texas 78711 The table below details the spending trends in Texas in previous years. Justice of the Peace Courts, Budget and finances | Figures in the columns labeled "Population” and “Per capita spending" have not been abbreviated.[5]. Elections calendar | Central Intelligence Agency. 1100 San Jacinto, 4th Floor Keep reading to discover the 100 countries with the highest GDP per capita ahead of what will surely be significantly adjusted rates for 2020 amid the coronavirus pandemic. List auf Sylt, the northernmost village in Germany, on the island of Sylt; Mathematics. County Courts at Law | List (surname) Liszt (surname) Places. The value amounted to 14,962 U.S. dollars, about four thousand dollars higher than in Mauritius, in the Indian Ocean as well. Compared to the US per capita income, Georgia per capita income is $3,015 lower. Among the states, Alaska had the highest per capita state and local spending in 2017 at $17,200, followed by Wyoming ($15,339) and New York ($14,434). The sequence of key events in the budget process is as follows:[16], Texas is one of 44 states in which the governor has line item veto authority. Colombia from The World Bank: Data. The World Bank issues data on total GDP and GDP per capita but each statistic can provide a conflicting perspective on the economic state of a country and the wealth of its people. . In contrast to per capita measures, median numbers, such as those for income, provide an arguably more accurate picture of how much the residents of a particular country or area are likely to earn. GDP per capita (current US$) from The World Bank: Data. Fiscal year 2015 information is included in the table below (information from neighboring states is provided for additional context). CSV XML EXCEL. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. Federal aid varies from state to state. A term used in the Descent and Distribution of the estate of one who dies without a will. Overdose Deaths per Capita: Quadruple Weight (~12.50 Points) Overdose Deaths Growth (2018 vs 2017): Full Weight (~3.13 Points) Law Enforcement – Total Points: 25. Ballotpedia does not curate or endorse these articles. However, the per capita basis will give the analyst more granular information. These results are automatically generated from Google. BT50.Widget({ You can learn more about the standards we follow in producing accurate, unbiased content in our. State spending in Texas can be further broken down by function (elementary and secondary education, public assistance, etc.). Central Intelligince Agency. Per capita can take the place of saying "per person" in … Household income is the combined gross income of all people occupying the same housing unit, who are 15 years and older. To calculate per capita, one would take the statistical number and divide it by the population being analyzed. “For World Population Day, a look at the countries with the biggest projected gains – and losses – by 2100.” Accessed August 18, 2020. Seychelles had largest GDP per capita in Africa as of 2019. Court of Criminal Appeals | Budget instructions are sent to state agencies beginning in, Agencies submit their budget requests to the, The governor submits his or her proposed budget to the, The legislature typically adopts a budget in. House of Representatives | The state debt per capita was $1,759. Real GDP per capita is a country's economic output for each person adjusting for inflation. ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. The report, entitled "Following the Money," measured how transparent and accountable state websites were with regard to state government spending. Figures from surrounding states are provided for additional context. One nation on the following list generated a whopping $19.4 trillion in 2017—while a tiny country came out with the highest GDP per capita in the world. For example, Mississippi received approximately $7.2 billion in federal aid in 2014, accounting for about 41 percent of the state's general revenues, the highest percentage of all of the states. What's on my ballot? Federal courts | Per capita is a Latin term that translates to "by head." The following terms are used to describe a state's finances: The table below breaks down state government tax collections by source in 2016 (comparable figures from surrounding states are also provided to give additional context). “The World Factbook - United States.” Accessed August 18, 2020. Figures are rendered as percentages, indicating the share of the total budget spent per category.[5]. Per capita information provides more granular data than just aggregate information. State Budget (billions $) FY Reference Budget per capita (in $) S&P Credit rating in January 2017 Alabama 32.1 2019 6,577 AA Alaska 8.3 2020 11,254 AA+ Arizona 43.4 K–12 School-System Quality: Full Weight (~1.14 Points) The ACS survey shows the median per capita income for Georgia was $32,657 in 2019. Who can live off of $200 per month? A developed economy is one with sustained economic growth, security, high per capita income, and advanced technological infrastructure. tBackground: "#CCCCCC", Additionally, a person's socioeconomic status has profound effects on their access to care and the quality of care received. The total state debt owned by the 50 states was $1.15 trillion with a per capita debt of $3,582. ... Quarterly External Debt Statistics; Trust Fund for Statistical Capacity Building; Products. Economic indicators See also: Economic indicators by state By contrast, North Dakota received about $1.5 billion in federal aid in 2014, or just 17 percent of the state's general revenues, the lowest percentage in the nation. “GDP (current US$) - United States.” Accessed August 18, 2020. “QuickFacts.” Accessed August 18, 2020. billSheet: "5aaafb0b-505e-4951-8300-1394791f73b6", That leaves you $2,400 for food and other expenses per year which comes out to: $200 per month. Environment | By federal law, the FMAP must be at least 50 percent; for federal fiscal 2018, Texas’ FMAP is 56.88 percent, meaning that the federal government will pay a larger share of Texas’ Medicaid funding than the state. Education accounted for 37.5 percent of state expenditures in fiscal year 2015, while 30.6 percent went to Medicaid. [3], The table below lists 2016 tax collections by source as percentages of total collections. Campaign finance requirements, Who represents me? [8], Broadly defined, a healthy economy is typically one that has a "stable and strong rate of economic growth" (gross state product, in this case) and low unemployment, among many other factors. fontFamily: "Verdana, Arial, Helvetica, sans-serif", Thus, using per capita GDP shows that most Chinese citizens are still earning far less than the average American despite the country's aggregate output.. Ballot access for candidates | per capita: [ Latin, By the heads or polls. ] Figures are rendered as percentages, indicating the share of the total budget spent per category. So it acts as a rank column for whatever column is being sorted. Figures for all columns except "2016 population" and "Per capita collections" are rendered in thousands of dollars (for example, $2,448 translates to $2,448,000). This ranked Texas sixth among the states in debt and 42nd in per capita debt. According to some economists, a country’s aggregate economic growth, or its overall GDP, is not what matters when the concern is the poverty level of individuals in a country. Not including Fed & State Taxes which take out almost $800 per month a total of $9,600 annually. Many factors must be looked at together to assess state economic health. [9][10][11], Between 2011 and 2013, residents in Texas had a median annual household income of $51,752, highest among neighboring states. Congressional delegation | For example, if an outlet reports that the world's GDP grew by 3%, it may sound like great news, but it would fail to take into consideration that the world's population grew by 1.5%, making the GDP number less impressive.