New York vs Florida Budget FY2024
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ New York vs Florida
New York
$234.9 billion
Florida
$130.6 billion
New York
$97.9 billion
Florida
$56.8 billion
New York
โ
Florida
โ
New York
$101.0 billion
Florida
$50.0 billion
New York
$6.3 billion
Florida
$4.1 billion
New York
$2.47 trillion
Florida
$1.83 trillion
Receipts & Expenditure Comparison
| Particulars | New York | Florida | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $234.9 billion | $130.6 billion | +79.9% |
| General Fund Expenditure | $97.9 billion | $56.8 billion | +72.4% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $101.0 billion | $50.0 billion | +101.8% |
| Rainy Day Fund | $6.3 billion | $4.1 billion | +51.1% |
| State GDP | $2.47 trillion | $1.83 trillion | +34.5% |
New York per resident
$11,743
Florida per resident
$5,565
New York โ Spending Composition
Florida โ Spending Composition
Category-wise Allocation โ New York vs Florida
| Category | New York | Florida | Difference |
|---|---|---|---|
1. Medicaid | $90.4 billion | $37.6 billion | +140.2% |
2. All Other | $71.5 billion | $38.9 billion | +83.7% |
3. K-12 Education | $45.0 billion | $20.9 billion | +115.0% |
4. Transportation | $12.0 billion | $20.0 billion | -40.2% |
5. Higher Education | $12.8 billion | $9.0 billion | +42.9% |
6. Corrections | $3.1 billion | $4.0 billion | -23.6% |
Compare Another Fiscal Year
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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