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Illinois vs Arkansas Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Illinois vs Arkansas

Total Expenditure

Illinois

$139.8 billion

Arkansas

$33.5 billion

Illinois is 317.0% higher
General Fund

Illinois

$53.2 billion

Arkansas

$6.1 billion

Illinois is 775.5% higher
Total Revenue

Illinois

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Illinois

$52.6 billion

Arkansas

$6.9 billion

Illinois is 662.0% higher
Rainy Day Fund

Illinois

$1.9 billion

Arkansas

$1.8 billion

Illinois is 6.9% higher
State GDP

Illinois

$1.20 trillion

Arkansas

$198.4 billion

Illinois is 505.8% higher

Receipts & Expenditure Comparison

ParticularsIllinoisArkansasDifference
Total Expenditure (all funds)$139.8 billion$33.5 billion+317.0%
General Fund Expenditure$53.2 billion$6.1 billion+775.5%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$52.6 billion$6.9 billion+662.0%
Rainy Day Fund$1.9 billion$1.8 billion+6.9%
State GDP$1.20 trillion$198.4 billion+505.8%

Illinois per resident

$10,989

Arkansas per resident

$10,760

Illinois โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Illinois vs Arkansas

CategoryIllinoisArkansasDifference
1. All Other
$87.8 billion
$12.3 billion
+613.9%
2. Medicaid
$24.5 billion
$9.0 billion
+171.4%
3. K-12 Education
$15.1 billion
$4.8 billion
+212.9%
4. Transportation
$7.5 billion
$2.2 billion
+246.1%
5. Higher Education
$3.0 billion
$4.7 billion
-36.2%
6. Corrections
$1.8 billion
$501 million
+268.5%

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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