Virginia vs Colorado Budget FY2021
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Virginia vs Colorado
Virginia
$74.7 billion
Colorado
$31.6 billion
Virginia
$22.6 billion
Colorado
$13.3 billion
Virginia
โ
Colorado
โ
Virginia
$23.4 billion
Colorado
$14.3 billion
Virginia
$1.5 billion
Colorado
$3.2 billion
Virginia
$798.4 billion
Colorado
$584.3 billion
Receipts & Expenditure Comparison
| Particulars | Virginia | Colorado | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $74.7 billion | $31.6 billion | +136.3% |
| General Fund Expenditure | $22.6 billion | $13.3 billion | +69.2% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $23.4 billion | $14.3 billion | +63.7% |
| Rainy Day Fund | $1.5 billion | $3.2 billion | -53.2% |
| State GDP | $798.4 billion | $584.3 billion | +36.6% |
Virginia per resident
$8,407
Colorado per resident
$5,254
Virginia โ Spending Composition
Colorado โ Spending Composition
Category-wise Allocation โ Virginia vs Colorado
| Category | Virginia | Colorado | Difference |
|---|---|---|---|
1. All Other | $30.6 billion | $8.4 billion | +262.9% |
2. Medicaid | $16.1 billion | $10.6 billion | +52.0% |
3. K-12 Education | $9.4 billion | $5.9 billion | +59.5% |
4. Higher Education | $8.4 billion | $3.6 billion | +134.9% |
5. Transportation | $8.1 billion | $2.0 billion | +311.1% |
6. Corrections | $1.6 billion | $904 million | +74.7% |
7. Public Assistance | $508 million | $262 million | +93.9% |
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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