List of U.S. state budgets
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 $) | Annualized | Fiscal years | Reference | Annualized budget per capita (in $) | S&P Credit rating in January 2017 |
|---|---|---|---|---|---|---|
| Alabama | 12.69 | 12.69 | 2025 | 2,488 | AA | |
| Alaska | 8.27 | 8.27 | 2025 | 11,282 | AA+ | |
| Arizona | 21.69 | 21.69 | 2025 | 2,931 | AA | |
| Arkansas | 6.31 | 6.31 | 2024 | 2,100 | AA | |
| California | 297.86 | 297.86 | 2024-25 | 7,634 | AA− | |
| Colorado | 27.52 | 27.52 | 2024-25 | 4,688 | AA | |
| Connecticut | 51.3 | 25.65 | 2024-25 | 7,083 | AA− | |
| Delaware | 6.07 | 6.07 | 2025 | 5,819 | AAA | |
| Florida | 78.58 | 78.58 | 2024-25 | 3,476 | AAA | |
| Georgia | 36.1 | 36.1 | 2025 | 3,281 | AAA | |
| Hawaii | 26.69 | 13.34 | 2024-25 | 9,296 | AA+ | |
| Idaho | 5.26 | 5.26 | 2025 | 2,683 | AA+ | |
| Illinois | 53.0 | 53.0 | 2025 | 4,226 | BBB | |
| Indiana | 58.44 | 29.22 | 2024-25 | 3,431 | AAA | |
| Iowa | 9.74 | 9.74 | 2025 | 3,043 | AAA | |
| Kansas | 17.3 | 17.3 | 2025 | 5,872 | AA− | |
| Kentucky | 43.57 | 21.78 | 2025-2026 | 4,840 | A+ | |
| Louisiana | 22.64 | 22.64 | 2024-25 | 4,794 | AA | |
| Maine | 15.69 | 7.84 | 2023-25 | 5,640 | AA | |
| Maryland | 38.59 | 38.59 | 2025 | 6,244 | AAA | |
| Massachusetts | 48.79 | 48.79 | 2025 | 6,970 | AA+ | |
| Michigan | 46.86 | 46.86 | 2025 | 4,686 | AA− | |
| Minnesota | 84.77 | 42.38 | 2024-25 | 7,891 | AA+ | |
| Mississippi | 7.85 | 7.85 | 2025 | 2,939 | AA | |
| Missouri | 26.79 | 26.79 | 2025 | 4,391 | AAA | |
| Montana | 9.37 | 4.68 | 2026-27 | 4,063 | AA | |
| Nebraska | 22.46 | 11.23 | 2026-27 | 5,700 | AAA | |
| Nevada | 26.59 | 13.29 | 2024-25 | 4,287 | AA | |
| New Hampshire | 5.20 | 5.20 | 2025 | 3,714 | AA | |
| New Jersey | 55.9 | 55.9 | 2024 | 6,017 | A− | |
| New Mexico | 10.5 | 10.5 | 2025 | 5,004 | AA+ | |
| New York | 132.02 | 132.02 | 2025 | 6,746 | AA+ | |
| North Carolina | 60.5 | 30.25 | 2023-24 | 2,791 | AAA | |
| North Dakota | 10.50 | 5.25 | 2023-25 | 6,704 | AA+ | |
| Ohio | 95.64 | 47.82 | 2024-25 | 4,087 | AA+ | |
| Oklahoma | 12.59 | 12.59 | 2025 | 3,147 | AA+ | |
| Oregon | 79.17 | 39.58 | 2023-25 | 9,350 | AA+ | |
| Pennsylvania | 53.72 | 53.72 | 2024-25 | 4,164 | AA− | |
| Rhode Island | 7.29 | 7.29 | 2024 | 6,688 | AA | |
| South Carolina | 26.3 | 26.3 | 2024-25 | 4,894 | AA+ | |
| South Dakota | 4.06 | 4.06 | 2025 | 4,352 | AAA | |
| Tennessee | 30.61 | 30.61 | 2025 | 4,299 | AAA | |
| Texas | 219.40 | 109.70 | 2024-25 | 3,573 | AAA | |
| Utah | 29.36 | 29.36 | 2024 | 6,129 | AAA | |
| Vermont | 5.23 | 5.23 | 2024 | 8,083 | AA+ | |
| Virginia | 108.3 | 54.15 | 2024-26 | 6,213 | AAA | |
| Washington | 116.3 | 58.15 | 2023-25 | 7,443 | AA+ | |
| West Virginia | 9.6 | 9.6 | 2025 | 5,423 | AA− | |
| Wisconsin | 69.52 | 34.76 | 2023-25 | 5,891 | AA | |
| Wyoming | 8.32 | 4.45 | 2024-25 | 7,619 | AAA |