List of U.S. state budgets

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Credit Ratings for state debt from S&P Global as of January 2017: .mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{} AAA AA+ AA AA- A+ A A- BBB+ BBB US State Credit Ratings S&P January 2017.svg
Credit Ratings for state debt from S&P Global as of January 2017:
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This is a list of U.S. state government budgets as enacted by each state's legislature.

Contents

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.


StateBudget (billions $) [note 1] AnnualizedFiscal yearsReferenceAnnualized budget per capita (in $) [note 1] S&P Credit rating in January 2017 [1]
Flag of Alabama.svg  Alabama 12.6912.692025 [2] 2,488 AA
Flag of Alaska.svg  Alaska 8.278.272025 [3] 11,282 AA+
Flag of Arizona.svg  Arizona 21.6921.692025 [4] 2,931 AA
Flag of Arkansas.svg  Arkansas 6.316.312024 [5] 2,100 AA
Flag of California.svg  California 297.86297.862024-25 [6] 7,634 AA−
Flag of Colorado.svg  Colorado 27.5227.522024-25 [7] 4,688 AA
Flag of Connecticut.svg  Connecticut 51.325.652024-25 [8] 7,083 AA−
Flag of Delaware.svg  Delaware 6.076.072025 [9] 5,819 AAA
Flag of Florida.svg  Florida 78.5878.582024-25 [10] 3,476 AAA
Flag of Georgia (U.S. state).svg  Georgia 36.136.12025 [11] 3,281 AAA
Flag of Hawaii.svg  Hawaii 26.6913.342024-25 [12] 9,296 AA+
Flag of Idaho.svg  Idaho 5.265.262025 [13] 2,683 AA+
Flag of Illinois.svg  Illinois 53.053.02025 [14] 4,226BBB
Flag of Indiana.svg  Indiana 58.4429.222024-25 [15] 3,431 AAA
Flag of Iowa.svg  Iowa 9.749.742025 [16] 3,043 AAA
Flag of Kansas.svg  Kansas 17.317.32025 [17] 5,872 AA−
Flag of Kentucky.svg  Kentucky 43.5721.782025-2026 [18] 4,840 A+
Flag of Louisiana.svg  Louisiana 22.6422.642024-25 [19] 4,794 AA
Flag of Maine.svg  Maine 15.697.842023-25 [20] 5,640 AA
Flag of Maryland.svg  Maryland 38.5938.592025 [21] 6,244 AAA
Flag of Massachusetts.svg  Massachusetts 48.7948.792025 [22] 6,970 AA+
Flag of Michigan.svg  Michigan 46.8646.862025 [23] 4,686 AA−
Flag of Minnesota.svg  Minnesota 84.7742.382024-25 [24] 7,891 AA+
Flag of Mississippi.svg  Mississippi 7.857.852025 [25] 2,939 AA
Flag of Missouri.svg  Missouri 26.7926.792025 [26] 4,391 AAA
Flag of Montana.svg  Montana 9.374.682026-27 [27] 4,063 AA
Flag of Nebraska.svg  Nebraska 22.4611.232026-27 [28] 5,700 AAA
Flag of Nevada.svg  Nevada 26.5913.292024-25 [29] 4,287 AA
Flag of New Hampshire.svg  New Hampshire 5.205.202025 [30] 3,714 AA
Flag of New Jersey.svg  New Jersey 55.955.92024 [31] 6,017 A−
Flag of New Mexico.svg  New Mexico 10.510.52025 [32] 5,004 AA+
Flag of New York.svg  New York 132.02132.022025 [33] 6,746 AA+
Flag of North Carolina.svg  North Carolina 60.530.252023-24 [34] 2,791 AAA
Flag of North Dakota.svg  North Dakota 10.505.252023-25 [35] 6,704 AA+
Flag of Ohio.svg  Ohio 95.6447.822024-25 [36] 4,087 AA+
Flag of Oklahoma.svg  Oklahoma 12.5912.592025 [37] 3,147 AA+
Flag of Oregon.svg  Oregon 79.1739.582023-25 [38] 9,350 AA+
Flag of Pennsylvania.svg  Pennsylvania 53.7253.722024-25 [39] 4,164 AA−
Flag of Rhode Island.svg  Rhode Island 7.297.292024 [40] 6,688 AA
Flag of South Carolina.svg  South Carolina 26.326.32024-25 [41] 4,894 AA+
Flag of South Dakota.svg  South Dakota 4.064.062025 [42] 4,352 AAA
Flag of Tennessee.svg  Tennessee 30.6130.612025 [43] 4,299 AAA
Flag of Texas.svg  Texas 219.40109.702024-25 [44] 3,573 AAA
Flag of Utah.svg  Utah 29.3629.362024 [45] 6,129 AAA
Flag of Vermont.svg  Vermont 5.235.232024 [46] 8,083 AA+
Flag of Virginia.svg  Virginia 108.354.152024-26 [47] 6,213 AAA
Flag of Washington.svg  Washington 116.358.152023-25 [48] 7,443 AA+
Flag of West Virginia.svg  West Virginia 9.69.62025 [49] 5,423 AA−
Flag of Wisconsin.svg  Wisconsin 69.5234.762023-25 [50] 5,891 AA
Flag of Wyoming.svg  Wyoming 8.324.452024-25 [51] 7,619 AAA
  1. 1 2 Some figures are approximate.

See also

References

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

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