List of U.S. state budgets

This is a list of U.S. state government budgets as enacted by each state's legislature.

Credit Ratings for state debt from S&P Global as of January 2017:

  AAA

  AA+

  AA

  AA-

  A+

  A

  A-

  BBB+

  BBB

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	29.36	29.36	2024	[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. Some figures are approximate.

See also

• United States federal budget
• List of government budgets by country
• List of U.S. states by credit rating

References

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

• Sigritz, Brian (2 April 2019). Summaries of Fiscal Year 2020 Proposed Executive Budgets (PDF). Washington, D.C.: National Association of State Budget Officers. Retrieved 22 June 2019.