Rhode Island vs Colorado Budget FY2023
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Rhode Island vs Colorado
Rhode Island
$12.6 billion
Colorado
$40.7 billion
Rhode Island
$5.1 billion
Colorado
$19.0 billion
Rhode Island
โ
Colorado
โ
Rhode Island
$5.2 billion
Colorado
$18.0 billion
Rhode Island
$278 million
Colorado
$2.4 billion
Rhode Island
$84.0 billion
Colorado
$584.3 billion
Receipts & Expenditure Comparison
| Particulars | Rhode Island | Colorado | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $12.6 billion | $40.7 billion | -69.0% |
| General Fund Expenditure | $5.1 billion | $19.0 billion | -73.3% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $5.2 billion | $18.0 billion | -71.0% |
| Rainy Day Fund | $278 million | $2.4 billion | -88.5% |
| State GDP | $84.0 billion | $584.3 billion | -85.6% |
Rhode Island per resident
$11,325
Colorado per resident
$6,771
Rhode Island โ Spending Composition
Colorado โ Spending Composition
Category-wise Allocation โ Rhode Island vs Colorado
| Category | Rhode Island | Colorado | Difference |
|---|---|---|---|
1. Medicaid | $3.5 billion | $13.6 billion | -74.5% |
2. All Other | $4.7 billion | $11.0 billion | -56.9% |
3. K-12 Education | $2.0 billion | $7.1 billion | -71.6% |
4. Higher Education | $1.3 billion | $6.1 billion | -78.1% |
5. Transportation | $765 million | $1.8 billion | -57.3% |
6. Corrections | $291 million | $1.1 billion | -72.6% |
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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