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Kentucky vs Connecticut Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Kentucky vs Connecticut

Total Expenditure

Kentucky

$50.9 billion

Connecticut

$42.8 billion

Kentucky is 19.0% higher
General Fund

Kentucky

$14.2 billion

Connecticut

$22.8 billion

Kentucky is 37.7% lower
Total Revenue

Kentucky

โ€”

Connecticut

โ€”

Not comparable
General Fund Revenue

Kentucky

$15.7 billion

Connecticut

$22.7 billion

Kentucky is 31.0% lower
Rainy Day Fund

Kentucky

$5.2 billion

Connecticut

$4.1 billion

Kentucky is 27.3% higher
State GDP

Kentucky

$306.9 billion

Connecticut

$376.5 billion

Kentucky is 18.5% lower

Receipts & Expenditure Comparison

ParticularsKentuckyConnecticutDifference
Total Expenditure (all funds)$50.9 billion$42.8 billion+19.0%
General Fund Expenditure$14.2 billion$22.8 billion-37.7%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$15.7 billion$22.7 billion-31.0%
Rainy Day Fund$5.2 billion$4.1 billion+27.3%
State GDP$306.9 billion$376.5 billion-18.5%

Kentucky per resident

$11,048

Connecticut per resident

$11,597

Kentucky โ€” Spending Composition

Connecticut โ€” Spending Composition

Category-wise Allocation โ€” Kentucky vs Connecticut

CategoryKentuckyConnecticutDifference
1. Medicaid
$18.2 billion
$10.5 billion
+73.0%
2. All Other
$9.1 billion
$16.2 billion
-43.9%
3. Higher Education
$12.1 billion
$3.8 billion
+217.9%
4. K-12 Education
$7.2 billion
$6.5 billion
+11.4%
5. Transportation
$3.2 billion
$4.9 billion
-35.6%
6. Corrections
$1.1 billion
$827 million
+29.7%

Compare Another Fiscal Year

FY2027FY2025FY2024FY2023FY2022FY2021

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

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