Iowa Budget FY2024 vs FY2025
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ FY2024 vs FY2025
FY2024
$31.6 billion
FY2025
$33.0 billion
FY2024
$8.6 billion
FY2025
$9.0 billion
FY2024
โ
FY2025
โ
FY2024
$9.8 billion
FY2025
$8.9 billion
FY2024
$961 million
FY2025
$891 million
FY2024
$277.1 billion
FY2025
$277.1 billion
Receipts & Expenditure Comparison
| Particulars | FY2024 | FY2025 | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $31.6 billion | $33.0 billion | -4.3% |
| General Fund Expenditure | $8.6 billion | $9.0 billion | -4.6% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $9.8 billion | $8.9 billion | +9.1% |
| Rainy Day Fund | $961 million | $891 million | +7.9% |
| State GDP | $277.1 billion | $277.1 billion | 0.0% |
FY2024 per resident
$9,762
FY2025 per resident
$10,198
FY2024 โ Spending Composition
FY2025 โ Spending Composition
Category-wise Allocation โ FY2024 vs FY2025
| Category | FY2024 | FY2025 | Difference |
|---|---|---|---|
1. Medicaid | $9.2 billion | $9.8 billion | -6.3% |
2. Higher Education | $8.0 billion | $8.1 billion | -2.1% |
3. All Other | $6.5 billion | $7.1 billion | -8.8% |
4. K-12 Education | $5.0 billion | $5.2 billion | -5.3% |
5. Transportation | $2.5 billion | $2.2 billion | +14.0% |
6. Corrections | $532 million | $556 million | -4.3% |
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.
Explore more budget data
Browse all 50 state budgets, the federal budget across every fiscal year, or build a different comparison from the compare page.