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Florida vs Arizona Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Florida vs Arizona

Total Expenditure

Florida

$130.6 billion

Arizona

$96.4 billion

Florida is 35.4% higher
General Fund

Florida

$56.8 billion

Arizona

$17.9 billion

Florida is 217.2% higher
Total Revenue

Florida

โ€”

Arizona

โ€”

Not comparable
General Fund Revenue

Florida

$50.0 billion

Arizona

$16.8 billion

Florida is 197.6% higher
Rainy Day Fund

Florida

$4.1 billion

Arizona

$1.5 billion

Florida is 180.3% higher
State GDP

Florida

$1.83 trillion

Arizona

$598.2 billion

Florida is 206.7% higher

Receipts & Expenditure Comparison

ParticularsFloridaArizonaDifference
Total Expenditure (all funds)$130.6 billion$96.4 billion+35.4%
General Fund Expenditure$56.8 billion$17.9 billion+217.2%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$50.0 billion$16.8 billion+197.6%
Rainy Day Fund$4.1 billion$1.5 billion+180.3%
State GDP$1.83 trillion$598.2 billion+206.7%

Florida per resident

$5,565

Arizona per resident

$12,650

Florida โ€” Spending Composition

Arizona โ€” Spending Composition

Category-wise Allocation โ€” Florida vs Arizona

CategoryFloridaArizonaDifference
1. All Other
$38.9 billion
$49.6 billion
-21.6%
2. Medicaid
$37.6 billion
$18.7 billion
+100.9%
3. K-12 Education
$20.9 billion
$10.8 billion
+93.6%
4. Transportation
$20.0 billion
$6.2 billion
+223.8%
5. Higher Education
$9.0 billion
$9.4 billion
-4.1%
6. Corrections
$4.0 billion
$1.7 billion
+140.5%

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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