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List of U.S. state budgets

From Wikipedia, the free encyclopedia

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.

Figures do not include state-specific federal spending, or transfers of federal funds.


State Budget (billions $)[note 1] Annualized Fiscal years Reference Annualized budget per capita (in $)[note 1] S&P Credit rating in January 2017[1]
 Alabama 12.69 12.69 2025 [2] 2,488 201 AA
 Alaska 8.27 8.27 2025 [3] 11,282 211 AA+
 Arizona 21.69 21.69 2025 [4] 2,931 201 AA
 Arkansas 6.31 6.31 2024 [5] 2,100 201 AA
 California 297.86 297.86 2024-25 [6] 7,634 191 AA-
 Colorado 27.52 27.52 2024-25 [7] 4,688 201 AA
 Connecticut 51.3 25.65 2024-25 [8] 7,083 191 AA-
 Delaware 6.07 6.07 2025 [9] 5,819 221 AAA
 Florida 78.58 78.58 2024-25 [10] 3,476 221 AAA
 Georgia 36.1 36.1 2025 [11] 3,281 221 AAA
 Hawaii 26.69 13.34 2024-25 [12] 9,296 211 AA+
 Idaho 5.26 5.26 2025 [13] 2,683 211 AA+
 Illinois 53.0 53.0 2025 [14] 4,226 141BBB
 Indiana 58.44 29.22 2024-25 [15] 3,431 221 AAA
 Iowa 9.74 9.74 2025 [16] 3,043 221 AAA
 Kansas 17.3 17.3 2025 [17] 5,872 191 AA-
 Kentucky 43.57 21.78 2025-2026 [18] 4,840 181 A+
 Louisiana 22.64 22.64 2024-25 [19] 4,794 201 AA
 Maine 15.69 7.84 2023-25 [20] 5,640 201 AA
 Maryland 38.59 38.59 2025 [21] 6,244 221 AAA
 Massachusetts 48.79 48.79 2025 [22] 6,970 211 AA+
 Michigan 46.86 46.86 2025 [23] 4,686 191 AA-
 Minnesota 84.77 42.38 2024-25 [24] 7,891 211 AA+
 Mississippi 7.85 7.85 2025 [25] 2,939 201 AA
 Missouri 26.79 26.79 2025 [26] 4,391 221 AAA
 Montana 9.37 4.68 2026-27 [27] 4,063 201 AA
 Nebraska 22.46 11.23 2026-27 [28] 5,700 221 AAA
 Nevada 26.59 13.29 2024-25 [29] 4,287 201 AA
 New Hampshire 5.20 5.20 2025 [30] 3,714 201 AA
 New Jersey 55.9 55.9 2024 [31] 6,017 161 A-
 New Mexico 10.5 10.5 2025 [32] 5,004 211 AA+
 New York 132.02 132.02 2025 [33] 6,746 211 AA+
 North Carolina 60.5 30.25 2023-24 [34] 2,791 221 AAA
 North Dakota 10.50 5.25 2023-25 [35] 6,704 211 AA+
 Ohio 95.64 47.82 2024-25 [36] 4,087 211 AA+
 Oklahoma 12.59 12.59 2025 [37] 3,147 211 AA+
 Oregon 79.17 39.58 2023-25 [38] 9,350 211 AA+
 Pennsylvania 53.72 53.72 2024-25 [39] 4,164 191 AA-
 Rhode Island 7.29 7.29 2024 [40] 6,688 201 AA
 South Carolina 26.3 26.3 2024-25 [41] 4,894 211 AA+
 South Dakota 4.06 4.06 2025 [42] 4,352 221 AAA
 Tennessee 30.61 30.61 2025 [43] 4,299 221 AAA
 Texas 219.40 109.70 2024-25 [44] 3,573 221 AAA
 Utah 20.97 20.97 2025 [45] 6,129 221 AAA
 Vermont 5.23 5.23 2024 [46] 8,083 211 AA+
 Virginia 108.3 54.15 2024-26 [47] 6,213 221 AAA
 Washington 116.3 61.35 2023-25 [48] 7,443 211 AA+
 West Virginia 9.6 9.6 2025 [49] 5,423 191 AA-
 Wisconsin 69.52 34.76 2023-25 [50] 5,891 201 AA
 Wyoming 8.32 4.45 2024-25 [51] 7,619 221 AAA
  1. ^ a b Some figures are approximate.

See also

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References

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  1. ^ "Rainy Day Funds and State Credit Ratings" (PDF). Pew Charitable Trusts. May 18, 2017. pp. 10–12. Retrieved 24 May 2018.
  2. ^ Alabama Enacted Budget FY 2019. National Association of State Budget Officers. 2025. p. 1. Retrieved 16 November 2024.
  3. ^ Alaska Office of Management and Budget (10 July 2024). "Fiscal Year 2025 Fiscal Summary" (PDF). Retrieved 16 November 2024.
  4. ^ FY 2025 Budget Summary (PDF). Phoenix, Ariz.: Arizona Office of the Governor. June 2019. p. BH-43. Retrieved 16 November 2024.
  5. ^ "FY 2024 Budget Appropriation" (PDF). Arkansas House of Representatives. 30 April 2024. Retrieved 16 November 2024.
  6. ^ "California State Budget" (PDF).
  7. ^ Budget Package and Long Bill Narrative (PDF). Denver, Colo.: Colorado Joint Budget Committee. 2024. p. 28. Retrieved 16 November 2024.
  8. ^ "Connecticut - Nasbo". Association of State Budget Officers. 2025. Retrieved 16 November 2024.
  9. ^ Financial Overview: Fiscal Year 2025 (PDF). January 25, 2024. Retrieved 16 November 2024.
  10. ^ Florida FY 2024-25 Budget Summary: Introduction and Revenue Overview. Retrieved 16 November 2024.
  11. ^ State of George 2025 Budget Brief (PDF). p. 2. Retrieved 16 November 2024.
  12. ^ "Hawaii Budget in Brief" (PDF). Hawaii State Legislature. p. 18. Retrieved 16 November 2024.
  13. ^ [hhttps://legislature.idaho.gov/wp-content/uploads/budget/highlights/Daily-Update/2024/SineDie.pdf 2025 General Fund Budget] (PDF). Boise, Idaho: Idaho Legislative Services Office. 2024. Retrieved 16 November 2024.
  14. ^ "Illinois Enacted Budget Walkdown" (PDF). Illinois Office of the Governor. 4 June 2024. Retrieved November 16, 2024.
  15. ^ Indiana State Budget Agency. "Summary by Agency 2024-25" (PDF). Retrieved 16 November 2024.
  16. ^ "Governor's FY 2025 State Budget Recommendations | Department of Management". Iowa Governor. 27 April 2019. Retrieved 16 November 2024.
  17. ^ Govenors Budget Report (PDF). Topeka, Kan.: State of Kansas. 2025. p. 23.53b in reported spending from all sources minus 5.95b in federal funding.
  18. ^ Budget of the Commonwealth Budget in Brief (PDF). Frankfort, Ky.: Kentucky Office of the State Budget Director. 2018. Retrieved 16 November 2024. included restricted funding of approx 30b minus tuition funds of approx 19.73b
  19. ^ State Budget FY 25 (PDF). Baton Rouge, La.: Louisiana Legislative Fiscal Office. 2025. p. 43. Retrieved 17 November 2024.
  20. ^ "Legislativve Council: State House Facilities Committee" (Press release). Maine Office of the Governor. April 28, 2016.
  21. ^ "2025 Fiscal Digest" (PDF). Retrieved 17 November 2024.
  22. ^ "State Budget Act 2025". 2024-11-17.
  23. ^ 2025 Enacted Budget Summary (PDF). Retrieved 17 November 2024.
  24. ^ [hhttps://mn.gov/mmb-stat/documents/budget/operating-budget/enacted/2024/eos24-cfs.pdf "Consolidated Fund Statement 2024-25"] (PDF). Retrieved 17 November 2024.
  25. ^ Budget Bulletin FY 2025 (PDF). Jackson, Miss.: Mississippi Legislative Budget Office. 2024. p. 74. Retrieved 17 November 2024.
  26. ^ "The Missouri Budget FY 2025" (PDF). Missouri Division of Budget and Planning. Retrieved 17 November 2024.
  27. ^ "Budget Summary 2026-27" (PDF). Montana State Legislature.
  28. ^ "All Fund Type Functional Summary" (PDF). Nebraska State Budget Division. Retrieved 17 November 2024.
  29. ^ "Statewide Expenditure Summary by Funding Source". Open Budget. Nevada Budget Division. Retrieved 17 November 2024.
  30. ^ "Transparent NH Where the Money Comes From". Retrieved 2024-11-17.
  31. ^ "State of New Jersey Budget in Brief". Retrieved 17 November 2024.
  32. ^ "New Mexico Budget in Brief" (PDF). Retrieved 17 November 2024.
  33. ^ FY 2025 Enacted Budget Fiscal Plan (PDF). Albany, N.Y.: New York State Division of Budget. p. 326. Retrieved 17 November 2024.
  34. ^ "GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2023 SESSION LAW 2023-134 HOUSE BILL 259" (PDF). Retrieved 2024-11-17.
  35. ^ "North Dakota Budget Highlights" (PDF). Retrieved 17 November 2024. Removed federal funding and 2.8B contribution to legacy fund
  36. ^ "State of Ohio Executive Budget 2024-25". Retrieved 25 July 2019.
  37. ^ "Executive Budget Summary 2025" (PDF). Retrieved 17 November 2024.
  38. ^ State of Oregon Governor's Budget (PDF). Salem, Ore. p. 342. Retrieved 12 June 2018.
  39. ^ Pennsylvania Office of the Budget. "PA Budget in Brief" (PDF). Retrieved 17 November 2024.
  40. ^ "HB2 All Funds Summary" (PDF). Retrieved 17 November 2024.
  41. ^ "South Carolina Budget 2024-25" (PDF). Retrieved 17 November 2024.
  42. ^ "State of South Dakota TOTAL STATE GOVERNMENT BUDGET" (PDF). Retrieved 17 November 2024.
  43. ^ "The Budget 2024-25" (PDF). Retrieved 17 November 2024.
  44. ^ "Texas Budgt 2024-25" (PDF). Retrieved 17 November 2024.
  45. ^ "Budget of the State of Utah" (PDF). Retrieved 17 November 2024.
  46. ^ "Vermont 2024 Budget Summary" (PDF). Retrieved 17 November 2024.
  47. ^ "BAn Overview of Virginia's Biennial Budget FY 2024 - 2026". Retrieved 17 November 2024.
  48. ^ "2023-25 Budget". Washington State Fiscal Website. Washington State Legislature. Retrieved 17 November 2024.
  49. ^ "FY 2025 Budget Report" (PDF). Charleston, W.Va.: West Virginia Legislature. Retrieved 17 November 2024.
  50. ^ "2023 Wisconsin Act 19 (Vetoed in Part)" (PDF). Retrieved 17 November 2024.
  51. ^ "Wyoming State Budget Department". Retrieved 17 November 2024.

Further reading

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