Iowa vs Connecticut Budget FY2023
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Iowa vs Connecticut
Iowa
$29.6 billion
Connecticut
$42.6 billion
Iowa
$8.2 billion
Connecticut
$22.2 billion
Iowa
โ
Connecticut
โ
Iowa
$9.8 billion
Connecticut
$22.8 billion
Iowa
$902 million
Connecticut
$3.3 billion
Iowa
$277.1 billion
Connecticut
$376.5 billion
Receipts & Expenditure Comparison
| Particulars | Iowa | Connecticut | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $29.6 billion | $42.6 billion | -30.6% |
| General Fund Expenditure | $8.2 billion | $22.2 billion | -63.0% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $9.8 billion | $22.8 billion | -56.9% |
| Rainy Day Fund | $902 million | $3.3 billion | -72.8% |
| State GDP | $277.1 billion | $376.5 billion | -26.4% |
Iowa per resident
$9,137
Connecticut per resident
$11,563
Iowa โ Spending Composition
Connecticut โ Spending Composition
Category-wise Allocation โ Iowa vs Connecticut
| Category | Iowa | Connecticut | Difference |
|---|---|---|---|
1. All Other | $6.6 billion | $17.0 billion | -60.9% |
2. Medicaid | $7.8 billion | $10.1 billion | -22.6% |
3. Higher Education | $7.5 billion | $4.1 billion | +82.8% |
4. K-12 Education | $4.7 billion | $6.4 billion | -25.9% |
5. Transportation | $2.4 billion | $4.2 billion | -42.9% |
6. Corrections | $496 million | $895 million | -44.6% |
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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