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Florida vs Illinois Budget FY2022

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Florida vs Illinois

Total Expenditure

Florida

$103.2 billion

Illinois

$122.6 billion

Florida is 15.8% lower
General Fund

Florida

$38.1 billion

Illinois

$48.3 billion

Florida is 21.1% lower
Total Revenue

Florida

โ€”

Illinois

โ€”

Not comparable
General Fund Revenue

Florida

$44.5 billion

Illinois

$50.3 billion

Florida is 11.5% lower
Rainy Day Fund

Florida

$2.7 billion

Illinois

$752 million

Florida is 263.0% higher
State GDP

Florida

$1.83 trillion

Illinois

$1.20 trillion

Florida is 52.6% higher

Receipts & Expenditure Comparison

ParticularsFloridaIllinoisDifference
Total Expenditure (all funds)$103.2 billion$122.6 billion-15.8%
General Fund Expenditure$38.1 billion$48.3 billion-21.1%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$44.5 billion$50.3 billion-11.5%
Rainy Day Fund$2.7 billion$752 million+263.0%
State GDP$1.83 trillion$1.20 trillion+52.6%

Florida per resident

$4,400

Illinois per resident

$9,641

Florida โ€” Spending Composition

Illinois โ€” Spending Composition

Category-wise Allocation โ€” Florida vs Illinois

CategoryFloridaIllinoisDifference
1. All Other
$29.0 billion
$72.5 billion
-60.1%
2. Medicaid
$34.0 billion
$24.9 billion
+36.3%
3. K-12 Education
$18.6 billion
$14.9 billion
+24.8%
4. Transportation
$9.8 billion
$6.3 billion
+55.9%
5. Higher Education
$8.6 billion
$2.3 billion
+278.3%
6. Corrections
$3.1 billion
$1.5 billion
+102.3%
7. Public Assistance
$139 million
$134 million
+3.7%

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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