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Colorado vs Arizona Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Colorado vs Arizona

Total Expenditure

Colorado

$42.6 billion

Arizona

$96.4 billion

Colorado is 55.9% lower
General Fund

Colorado

$16.9 billion

Arizona

$17.9 billion

Colorado is 5.8% lower
Total Revenue

Colorado

โ€”

Arizona

โ€”

Not comparable
General Fund Revenue

Colorado

$17.3 billion

Arizona

$16.8 billion

Colorado is 2.6% higher
Rainy Day Fund

Colorado

$3.2 billion

Arizona

$1.5 billion

Colorado is 113.5% higher
State GDP

Colorado

$584.3 billion

Arizona

$598.2 billion

Colorado is 2.3% lower

Receipts & Expenditure Comparison

ParticularsColoradoArizonaDifference
Total Expenditure (all funds)$42.6 billion$96.4 billion-55.9%
General Fund Expenditure$16.9 billion$17.9 billion-5.8%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$17.3 billion$16.8 billion+2.6%
Rainy Day Fund$3.2 billion$1.5 billion+113.5%
State GDP$584.3 billion$598.2 billion-2.3%

Colorado per resident

$7,077

Arizona per resident

$12,650

Colorado โ€” Spending Composition

Arizona โ€” Spending Composition

Category-wise Allocation โ€” Colorado vs Arizona

CategoryColoradoArizonaDifference
1. All Other
$11.4 billion
$49.6 billion
-77.1%
2. Medicaid
$14.0 billion
$18.7 billion
-25.5%
3. K-12 Education
$7.6 billion
$10.8 billion
-30.0%
4. Higher Education
$6.7 billion
$9.4 billion
-28.5%
5. Transportation
$1.8 billion
$6.2 billion
-70.9%
6. Corrections
$1.2 billion
$1.7 billion
-30.4%

Compare Another Fiscal Year

FY2025FY2024FY2023FY2022FY2021

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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