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Maine vs Connecticut Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Maine vs Connecticut

Total Expenditure

Maine

$13.0 billion

Connecticut

$42.6 billion

Maine is 69.5% lower
General Fund

Maine

$4.3 billion

Connecticut

$22.2 billion

Maine is 80.6% lower
Total Revenue

Maine

โ€”

Connecticut

โ€”

Not comparable
General Fund Revenue

Maine

$5.4 billion

Connecticut

$22.8 billion

Maine is 76.4% lower
Rainy Day Fund

Maine

$907 million

Connecticut

$3.3 billion

Maine is 72.6% lower
State GDP

Maine

$102.8 billion

Connecticut

$376.5 billion

Maine is 72.7% lower

Receipts & Expenditure Comparison

ParticularsMaineConnecticutDifference
Total Expenditure (all funds)$13.0 billion$42.6 billion-69.5%
General Fund Expenditure$4.3 billion$22.2 billion-80.6%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$5.4 billion$22.8 billion-76.4%
Rainy Day Fund$907 million$3.3 billion-72.6%
State GDP$102.8 billion$376.5 billion-72.7%

Maine per resident

$9,194

Connecticut per resident

$11,563

Maine โ€” Spending Composition

Connecticut โ€” Spending Composition

Category-wise Allocation โ€” Maine vs Connecticut

CategoryMaineConnecticutDifference
1. All Other
$5.1 billion
$17.0 billion
-70.0%
2. Medicaid
$4.2 billion
$10.1 billion
-58.1%
3. K-12 Education
$2.1 billion
$6.4 billion
-66.8%
4. Transportation
$915 million
$4.2 billion
-78.1%
5. Higher Education
$439 million
$4.1 billion
-89.4%
6. Corrections
$212 million
$895 million
-76.3%

Compare Another Fiscal Year

FY2025FY2024FY2023FY2022FY2021

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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