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Maine vs Alaska Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Maine vs Alaska

Total Expenditure

Maine

$13.1 billion

Alaska

$14.3 billion

Maine is 8.6% lower
General Fund

Maine

$5.0 billion

Alaska

$6.5 billion

Maine is 23.0% lower
Total Revenue

Maine

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Maine

$5.4 billion

Alaska

$6.6 billion

Maine is 19.3% lower
Rainy Day Fund

Maine

$968 million

Alaska

$2.9 billion

Maine is 66.4% lower
State GDP

Maine

$102.8 billion

Alaska

$75.0 billion

Maine is 37.1% higher

Receipts & Expenditure Comparison

ParticularsMaineAlaskaDifference
Total Expenditure (all funds)$13.1 billion$14.3 billion-8.6%
General Fund Expenditure$5.0 billion$6.5 billion-23.0%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$5.4 billion$6.6 billion-19.3%
Rainy Day Fund$968 million$2.9 billion-66.4%
State GDP$102.8 billion$75.0 billion+37.1%

Maine per resident

$9,265

Alaska per resident

$19,452

Maine โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Maine vs Alaska

CategoryMaineAlaskaDifference
1. All Other
$4.6 billion
$6.0 billion
-23.2%
2. Medicaid
$4.5 billion
$2.8 billion
+63.9%
3. K-12 Education
$2.2 billion
$2.0 billion
+14.2%
4. Transportation
$1.0 billion
$2.2 billion
-52.6%
5. Higher Education
$436 million
$930 million
-53.1%
6. Corrections
$234 million
$492 million
-52.4%

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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