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Nevada vs California Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Nevada vs California

Total Expenditure

Nevada

$19.8 billion

California

$452.7 billion

Nevada is 95.6% lower
General Fund

Nevada

$5.3 billion

California

$205.7 billion

Nevada is 97.4% lower
Total Revenue

Nevada

โ€”

California

โ€”

Not comparable
General Fund Revenue

Nevada

$6.0 billion

California

$190.3 billion

Nevada is 96.8% lower
Rainy Day Fund

Nevada

$1.2 billion

California

$41.7 billion

Nevada is 97.2% lower
State GDP

Nevada

$281.5 billion

California

$4.25 trillion

Nevada is 93.4% lower

Receipts & Expenditure Comparison

ParticularsNevadaCaliforniaDifference
Total Expenditure (all funds)$19.8 billion$452.7 billion-95.6%
General Fund Expenditure$5.3 billion$205.7 billion-97.4%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$6.0 billion$190.3 billion-96.8%
Rainy Day Fund$1.2 billion$41.7 billion-97.2%
State GDP$281.5 billion$4.25 trillion-93.4%

Nevada per resident

$6,044

California per resident

$11,502

Nevada โ€” Spending Composition

California โ€” Spending Composition

Category-wise Allocation โ€” Nevada vs California

CategoryNevadaCaliforniaDifference
1. Medicaid
$5.7 billion
$156.1 billion
-96.4%
2. All Other
$4.4 billion
$140.9 billion
-96.9%
3. K-12 Education
$6.8 billion
$81.9 billion
-91.7%
4. Higher Education
$1.2 billion
$29.2 billion
-95.9%
5. Transportation
$1.4 billion
$26.2 billion
-94.6%
6. Corrections
$358 million
$18.5 billion
-98.1%

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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