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California vs Arkansas Budget FY2023

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” California vs Arkansas

Total Expenditure

California

$413.8 billion

Arkansas

$33.5 billion

California is 1137.0% higher
General Fund

California

$195.2 billion

Arkansas

$5.9 billion

California is 3194.9% higher
Total Revenue

California

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

California

$181.1 billion

Arkansas

$7.2 billion

California is 2420.8% higher
Rainy Day Fund

California

$62.6 billion

Arkansas

$1.5 billion

California is 3991.4% higher
State GDP

California

$4.25 trillion

Arkansas

$198.4 billion

California is 2042.3% higher

Receipts & Expenditure Comparison

ParticularsCaliforniaArkansasDifference
Total Expenditure (all funds)$413.8 billion$33.5 billion+1137.0%
General Fund Expenditure$195.2 billion$5.9 billion+3194.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$181.1 billion$7.2 billion+2420.8%
Rainy Day Fund$62.6 billion$1.5 billion+3991.4%
State GDP$4.25 trillion$198.4 billion+2042.3%

California per resident

$10,513

Arkansas per resident

$10,739

California โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” California vs Arkansas

CategoryCaliforniaArkansasDifference
1. All Other
$139.6 billion
$11.6 billion
+1098.8%
2. Medicaid
$134.1 billion
$9.8 billion
+1273.7%
3. K-12 Education
$74.3 billion
$4.5 billion
+1540.3%
4. Higher Education
$27.0 billion
$4.8 billion
+464.7%
5. Transportation
$20.2 billion
$2.2 billion
+804.8%
6. Corrections
$18.7 billion
$514 million
+3543.2%

Compare Another Fiscal Year

Understanding This Comparison

State budgets are compared on an all-funds basis โ€” the total across the general fund, federal grants, and dedicated state funds. This is the fairer measure, because states differ widely in how much they route outside the general fund. The general fund row shows the discretionary portion that state legislatures actually debate.

Fiscal years differ between states: most run July to June, Alabama and Michigan run October to September, and New York runs April to March. Figures labelled with the same fiscal year therefore cover slightly different periods.

Definitions for every term used here are in the US budget glossary. To compare across countries, see India budget comparisons.

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