# List of U.S. state budgets

This is a list of U.S. state government budgets as enacted by each state's legislature.
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023.
Figures do not include state-specific federal spending, or transfers of federal funds.
| State | Budget (billions $) | Annualized | Fiscal years | Annualized budget per capita (in $) | S&P Credit rating in January 2017 |
| Alabama | 12.69 | 12.69 | 2025 | 2,488 | 201 AA |
| Alaska | 8.27 | 8.27 | 2025 | 11,282 | 211 AA+ |
| Arizona | 21.69 | 21.69 | 2025 | 2,931 | 201 AA |
| Arkansas | 6.31 | 6.31 | 2024 | 2,100 | 201 AA |
| California | 297.86 | 297.86 | 2024-25 | 7,634 | 191 AA- |
| Colorado | 27.52 | 27.52 | 2024-25 | 4,688 | 201 AA |
| Connecticut | 51.3 | 25.65 | 2024-25 | 7,083 | 191 AA- |
| Delaware | 6.07 | 6.07 | 2025 | 5,819 | 221 AAA |
| Florida | 78.58 | 78.58 | 2024-25 | 3,476 | 221 AAA |
| Georgia | 36.1 | 36.1 | 2025 | 3,281 | 221 AAA |
| Hawaii | 26.69 | 13.34 | 2024-25 | 9,296 | 211 AA+ |
| Idaho | 5.26 | 5.26 | 2025 | 2,683 | 211 AA+ |
| Illinois | 53.0 | 53.0 | 2025 | 4,226 | 141BBB |
| Indiana | 58.44 | 29.22 | 2024-25 | 3,431 | 221 AAA |
| Iowa | 9.74 | 9.74 | 2025 | 3,043 | 221 AAA |
| Kansas | 17.3 | 17.3 | 2025 | 5,872 | 191 AA- |
| Kentucky | 43.57 | 21.78 | 2025-2026 | 4,840 | 181 A+ |
| Louisiana | 22.64 | 22.64 | 2024-25 | 4,794 | 201 AA |
| Maine | 15.69 | 7.84 | 2023-25 | 5,640 | 201 AA |
| Maryland | 38.59 | 38.59 | 2025 | 6,244 | 221 AAA |
| Massachusetts | 48.79 | 48.79 | 2025 | 6,970 | 211 AA+ |
| Michigan | 46.86 | 46.86 | 2025 | 4,686 | 191 AA- |
| Minnesota | 84.77 | 42.38 | 2024-25 | 7,891 | 211 AA+ |
| Mississippi | 7.85 | 7.85 | 2025 | 2,939 | 201 AA |
| Missouri | 26.79 | 26.79 | 2025 | 4,391 | 221 AAA |
| Montana | 9.37 | 4.68 | 2026-27 | 4,063 | 201 AA |
| Nebraska | 22.46 | 11.23 | 2026-27 | 5,700 | 221 AAA |
| Nevada | 26.59 | 13.29 | 2024-25 | 4,287 | 201 AA |
| New Hampshire | 5.20 | 5.20 | 2025 | 3,714 | 201 AA |
| New Jersey | 55.9 | 55.9 | 2024 | 6,017 | 161 A- |
| New Mexico | 10.5 | 10.5 | 2025 | 5,004 | 211 AA+ |
| New York | 132.02 | 132.02 | 2025 | 6,746 | 211 AA+ |
| North Carolina | 60.5 | 30.25 | 2023-24 | 2,791 | 221 AAA |
| North Dakota | 10.50 | 5.25 | 2023-25 | 6,704 | 211 AA+ |
| Ohio | 95.64 | 47.82 | 2024-25 | 4,087 | 211 AA+ |
| Oklahoma | 12.59 | 12.59 | 2025 | 3,147 | 211 AA+ |
| Oregon | 79.17 | 39.58 | 2023-25 | 9,350 | 211 AA+ |
| Pennsylvania | 53.72 | 53.72 | 2024-25 | 4,164 | 191 AA- |
| Rhode Island | 7.29 | 7.29 | 2024 | 6,688 | 201 AA |
| South Carolina | 26.3 | 26.3 | 2024-25 | 4,894 | 211 AA+ |
| South Dakota | 4.06 | 4.06 | 2025 | 4,352 | 221 AAA |
| Tennessee | 30.61 | 30.61 | 2025 | 4,299 | 221 AAA |
| Texas | 219.40 | 109.70 | 2024-25 | 3,573 | 221 AAA |
| Utah | 29.36 | 29.36 | 2024 | 6,129 | 221 AAA |
| Vermont | 5.23 | 5.23 | 2024 | 8,083 | 211 AA+ |
| Virginia | 108.3 | 54.15 | 2024-26 | 6,213 | 221 AAA |
| Washington | 116.3 | 58.15 | 2023-25 | 7,443 | 211 AA+ |
| West Virginia | 9.6 | 9.6 | 2025 | 5,423 | 191 AA- |
| Wisconsin | 69.52 | 34.76 | 2023-25 | 5,891 | 201 AA |
| Wyoming | 8.32 | 4.45 | 2024-25 | 7,619 | 221 AAA |