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Connecticut vs Florida Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Connecticut vs Florida

Total Expenditure

Connecticut

$42.6 billion

Florida

$119.1 billion

Connecticut is 64.2% lower
General Fund

Connecticut

$22.2 billion

Florida

$49.0 billion

Connecticut is 54.7% lower
Total Revenue

Connecticut

โ€”

Florida

โ€”

Not comparable
General Fund Revenue

Connecticut

$22.8 billion

Florida

$48.2 billion

Connecticut is 52.7% lower
Rainy Day Fund

Connecticut

$3.3 billion

Florida

$3.1 billion

Connecticut is 5.6% higher
State GDP

Connecticut

$376.5 billion

Florida

$1.83 trillion

Connecticut is 79.5% lower

Receipts & Expenditure Comparison

ParticularsConnecticutFloridaDifference
Total Expenditure (all funds)$42.6 billion$119.1 billion-64.2%
General Fund Expenditure$22.2 billion$49.0 billion-54.7%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$22.8 billion$48.2 billion-52.7%
Rainy Day Fund$3.3 billion$3.1 billion+5.6%
State GDP$376.5 billion$1.83 trillion-79.5%

Connecticut per resident

$11,563

Florida per resident

$5,076

Connecticut โ€” Spending Composition

Florida โ€” Spending Composition

Category-wise Allocation โ€” Connecticut vs Florida

CategoryConnecticutFloridaDifference
1. Medicaid
$10.1 billion
$37.3 billion
-73.0%
2. All Other
$17.0 billion
$35.5 billion
-52.1%
3. K-12 Education
$6.4 billion
$20.1 billion
-68.3%
4. Transportation
$4.2 billion
$12.3 billion
-66.0%
5. Higher Education
$4.1 billion
$10.4 billion
-60.3%
6. Corrections
$895 million
$3.4 billion
-74.0%

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.

Explore more budget data

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