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	58.15	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