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Iowa vs Colorado Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Iowa vs Colorado

Total Expenditure

Iowa

$29.6 billion

Colorado

$40.7 billion

Iowa is 27.3% lower
General Fund

Iowa

$8.2 billion

Colorado

$19.0 billion

Iowa is 56.8% lower
Total Revenue

Iowa

โ€”

Colorado

โ€”

Not comparable
General Fund Revenue

Iowa

$9.8 billion

Colorado

$18.0 billion

Iowa is 45.3% lower
Rainy Day Fund

Iowa

$902 million

Colorado

$2.4 billion

Iowa is 62.8% lower
State GDP

Iowa

$277.1 billion

Colorado

$584.3 billion

Iowa is 52.6% lower

Receipts & Expenditure Comparison

ParticularsIowaColoradoDifference
Total Expenditure (all funds)$29.6 billion$40.7 billion-27.3%
General Fund Expenditure$8.2 billion$19.0 billion-56.8%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$9.8 billion$18.0 billion-45.3%
Rainy Day Fund$902 million$2.4 billion-62.8%
State GDP$277.1 billion$584.3 billion-52.6%

Iowa per resident

$9,137

Colorado per resident

$6,771

Iowa โ€” Spending Composition

Colorado โ€” Spending Composition

Category-wise Allocation โ€” Iowa vs Colorado

CategoryIowaColoradoDifference
1. Medicaid
$7.8 billion
$13.6 billion
-42.8%
2. All Other
$6.6 billion
$11.0 billion
-39.6%
3. Higher Education
$7.5 billion
$6.1 billion
+23.7%
4. K-12 Education
$4.7 billion
$7.1 billion
-33.7%
5. Transportation
$2.4 billion
$1.8 billion
+33.0%
6. Corrections
$496 million
$1.1 billion
-53.3%

Compare Another Fiscal Year

FY2026FY2025FY2024FY2023FY2022FY2021

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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