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California vs Virginia Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” California vs Virginia

Total Expenditure

California

$413.8 billion

Virginia

$80.0 billion

California is 417.5% higher
General Fund

California

$195.2 billion

Virginia

$27.8 billion

California is 601.9% higher
Total Revenue

California

โ€”

Virginia

โ€”

Not comparable
General Fund Revenue

California

$181.1 billion

Virginia

$28.5 billion

California is 536.4% higher
Rainy Day Fund

California

$62.6 billion

Virginia

$3.8 billion

California is 1536.1% higher
State GDP

California

$4.25 trillion

Virginia

$798.4 billion

California is 432.4% higher

Receipts & Expenditure Comparison

ParticularsCaliforniaVirginiaDifference
Total Expenditure (all funds)$413.8 billion$80.0 billion+417.5%
General Fund Expenditure$195.2 billion$27.8 billion+601.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$181.1 billion$28.5 billion+536.4%
Rainy Day Fund$62.6 billion$3.8 billion+1536.1%
State GDP$4.25 trillion$798.4 billion+432.4%

California per resident

$10,513

Virginia per resident

$9,003

California โ€” Spending Composition

Virginia โ€” Spending Composition

Category-wise Allocation โ€” California vs Virginia

CategoryCaliforniaVirginiaDifference
1. All Other
$139.6 billion
$24.7 billion
+464.4%
2. Medicaid
$134.1 billion
$22.4 billion
+497.7%
3. K-12 Education
$74.3 billion
$12.0 billion
+517.8%
4. Higher Education
$27.0 billion
$9.7 billion
+177.1%
5. Transportation
$20.2 billion
$9.2 billion
+118.5%
6. Corrections
$18.7 billion
$1.8 billion
+947.3%

Compare Another Fiscal Year

FY2025FY2024FY2023FY2022FY2021

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.

Explore more budget data

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