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Colorado vs South Carolina Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Colorado vs South Carolina

Total Expenditure

Colorado

$40.7 billion

South Carolina

$38.8 billion

Colorado is 5.1% higher
General Fund

Colorado

$19.0 billion

South Carolina

$12.1 billion

Colorado is 57.4% higher
Total Revenue

Colorado

โ€”

South Carolina

โ€”

Not comparable
General Fund Revenue

Colorado

$18.0 billion

South Carolina

$13.1 billion

Colorado is 37.5% higher
Rainy Day Fund

Colorado

$2.4 billion

South Carolina

$842 million

Colorado is 188.2% higher
State GDP

Colorado

$584.3 billion

South Carolina

$350.0 billion

Colorado is 67.0% higher

Receipts & Expenditure Comparison

ParticularsColoradoSouth CarolinaDifference
Total Expenditure (all funds)$40.7 billion$38.8 billion+5.1%
General Fund Expenditure$19.0 billion$12.1 billion+57.4%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$18.0 billion$13.1 billion+37.5%
Rainy Day Fund$2.4 billion$842 million+188.2%
State GDP$584.3 billion$350.0 billion+67.0%

Colorado per resident

$6,771

South Carolina per resident

$6,957

Colorado โ€” Spending Composition

South Carolina โ€” Spending Composition

Category-wise Allocation โ€” Colorado vs South Carolina

CategoryColoradoSouth CarolinaDifference
1. Medicaid
$13.6 billion
$10.5 billion
+29.7%
2. All Other
$11.0 billion
$12.3 billion
-10.3%
3. K-12 Education
$7.1 billion
$7.2 billion
-0.3%
4. Higher Education
$6.1 billion
$6.9 billion
-12.0%
5. Transportation
$1.8 billion
$2.9 billion
-37.7%
6. Corrections
$1.1 billion
$944 million
+12.4%

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.

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