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Nebraska vs Iowa Budget FY2021

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Nebraska vs Iowa

Total Expenditure

Nebraska

$15.1 billion

Iowa

$28.5 billion

Nebraska is 47.2% lower
General Fund

Nebraska

$4.5 billion

Iowa

$7.8 billion

Nebraska is 42.2% lower
Total Revenue

Nebraska

โ€”

Iowa

โ€”

Not comparable
General Fund Revenue

Nebraska

$6.0 billion

Iowa

$8.8 billion

Nebraska is 32.3% lower
Rainy Day Fund

Nebraska

$412 million

Iowa

$801 million

Nebraska is 48.6% lower
State GDP

Nebraska

$198.1 billion

Iowa

$277.1 billion

Nebraska is 28.5% lower

Receipts & Expenditure Comparison

ParticularsNebraskaIowaDifference
Total Expenditure (all funds)$15.1 billion$28.5 billion-47.2%
General Fund Expenditure$4.5 billion$7.8 billion-42.2%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$6.0 billion$8.8 billion-32.3%
Rainy Day Fund$412 million$801 million-48.6%
State GDP$198.1 billion$277.1 billion-28.5%

Nebraska per resident

$7,466

Iowa per resident

$8,809

Nebraska โ€” Spending Composition

Iowa โ€” Spending Composition

Category-wise Allocation โ€” Nebraska vs Iowa

CategoryNebraskaIowaDifference
1. All Other
$5.7 billion
$8.0 billion
-28.5%
2. Medicaid
$2.9 billion
$6.6 billion
-56.5%
3. Higher Education
$3.1 billion
$6.6 billion
-53.1%
4. K-12 Education
$1.9 billion
$4.4 billion
-58.2%
5. Transportation
$1.0 billion
$2.3 billion
-55.9%
6. Corrections
$455 million
$467 million
-2.6%
7. Public Assistance
$39 million
$92 million
-57.6%

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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