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Georgia vs Connecticut Budget FY2023

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Georgia vs Connecticut

Total Expenditure

Georgia

$75.1 billion

Connecticut

$42.6 billion

Georgia is 76.2% higher
General Fund

Georgia

$29.3 billion

Connecticut

$22.2 billion

Georgia is 31.8% higher
Total Revenue

Georgia

$70.2 billion

Connecticut

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Not comparable
General Fund Revenue

Georgia

$36.0 billion

Connecticut

$22.8 billion

Georgia is 57.5% higher
Rainy Day Fund

Georgia

$5.4 billion

Connecticut

$3.3 billion

Georgia is 62.6% higher
State GDP

Georgia

$924.8 billion

Connecticut

$376.5 billion

Georgia is 145.7% higher

Receipts & Expenditure Comparison

ParticularsGeorgiaConnecticutDifference
Total Expenditure (all funds)$75.1 billion$42.6 billion+76.2%
General Fund Expenditure$29.3 billion$22.2 billion+31.8%
Total Revenue$70.2 billionโ€”โ€”
General Fund Revenue$36.0 billion$22.8 billion+57.5%
Rainy Day Fund$5.4 billion$3.3 billion+62.6%
State GDP$924.8 billion$376.5 billion+145.7%

Georgia per resident

$6,648

Connecticut per resident

$11,563

Georgia โ€” Spending Composition

Connecticut โ€” Spending Composition

Category-wise Allocation โ€” Georgia vs Connecticut

CategoryGeorgiaConnecticutDifference
1. All Other
$21.4 billion
$17.0 billion
+25.8%
2. Medicaid
$17.5 billion
$10.1 billion
+73.3%
3. K-12 Education
$16.7 billion
$6.4 billion
+161.2%
4. Higher Education
$12.2 billion
$4.1 billion
+196.2%
5. Transportation
$5.1 billion
$4.2 billion
+21.9%
6. Corrections
$2.0 billion
$895 million
+122.8%
7. Public Assistance
$334 million
$0 million
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Compare Another Fiscal Year

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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