Florida vs Michigan Budget FY2022
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Florida vs Michigan
Florida
$103.2 billion
Michigan
$75.6 billion
Florida
$38.1 billion
Michigan
$11.4 billion
Florida
โ
Michigan
$88.2 billion
Florida
$44.5 billion
Michigan
$14.7 billion
Florida
$2.7 billion
Michigan
$1.6 billion
Florida
$1.83 trillion
Michigan
$730.1 billion
Receipts & Expenditure Comparison
| Particulars | Florida | Michigan | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $103.2 billion | $75.6 billion | +36.5% |
| General Fund Expenditure | $38.1 billion | $11.4 billion | +233.7% |
| Total Revenue | โ | $88.2 billion | โ |
| General Fund Revenue | $44.5 billion | $14.7 billion | +202.7% |
| Rainy Day Fund | $2.7 billion | $1.6 billion | +71.8% |
| State GDP | $1.83 trillion | $730.1 billion | +151.3% |
Florida per resident
$4,400
Michigan per resident
$7,467
Florida โ Spending Composition
Michigan โ Spending Composition
Category-wise Allocation โ Florida vs Michigan
| Category | Florida | Michigan | Difference |
|---|---|---|---|
1. Medicaid | $34.0 billion | $21.3 billion | +59.3% |
2. All Other | $29.0 billion | $23.9 billion | +21.2% |
3. K-12 Education | $18.6 billion | $18.2 billion | +2.1% |
4. Transportation | $9.8 billion | $6.9 billion | +41.9% |
5. Higher Education | $8.6 billion | $2.9 billion | +200.6% |
6. Corrections | $3.1 billion | $2.2 billion | +41.2% |
7. Public Assistance | $139 million | $175 million | -20.6% |
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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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