Maine vs Colorado Budget FY2024
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Maine vs Colorado
Maine
$13.1 billion
Colorado
$42.6 billion
Maine
$5.0 billion
Colorado
$16.9 billion
Maine
โ
Colorado
โ
Maine
$5.4 billion
Colorado
$17.3 billion
Maine
$968 million
Colorado
$3.2 billion
Maine
$102.8 billion
Colorado
$584.3 billion
Receipts & Expenditure Comparison
| Particulars | Maine | Colorado | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $13.1 billion | $42.6 billion | -69.2% |
| General Fund Expenditure | $5.0 billion | $16.9 billion | -70.5% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $5.4 billion | $17.3 billion | -69.0% |
| Rainy Day Fund | $968 million | $3.2 billion | -69.3% |
| State GDP | $102.8 billion | $584.3 billion | -82.4% |
Maine per resident
$9,265
Colorado per resident
$7,077
Maine โ Spending Composition
Colorado โ Spending Composition
Category-wise Allocation โ Maine vs Colorado
| Category | Maine | Colorado | Difference |
|---|---|---|---|
1. Medicaid | $4.5 billion | $14.0 billion | -67.4% |
2. All Other | $4.6 billion | $11.4 billion | -59.3% |
3. K-12 Education | $2.2 billion | $7.6 billion | -70.3% |
4. Higher Education | $436 million | $6.7 billion | -93.5% |
5. Transportation | $1.0 billion | $1.8 billion | -43.2% |
6. Corrections | $234 million | $1.2 billion | -80.0% |
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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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