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Nebraska vs Iowa Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Nebraska vs Iowa

Total Expenditure

Nebraska

$18.5 billion

Iowa

$31.6 billion

Nebraska is 41.4% lower
General Fund

Nebraska

$5.3 billion

Iowa

$8.6 billion

Nebraska is 37.9% lower
Total Revenue

Nebraska

โ€”

Iowa

โ€”

Not comparable
General Fund Revenue

Nebraska

$7.2 billion

Iowa

$9.8 billion

Nebraska is 26.7% lower
Rainy Day Fund

Nebraska

$913 million

Iowa

$961 million

Nebraska is 5.0% lower
State GDP

Nebraska

$198.1 billion

Iowa

$277.1 billion

Nebraska is 28.5% lower

Receipts & Expenditure Comparison

ParticularsNebraskaIowaDifference
Total Expenditure (all funds)$18.5 billion$31.6 billion-41.4%
General Fund Expenditure$5.3 billion$8.6 billion-37.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$7.2 billion$9.8 billion-26.7%
Rainy Day Fund$913 million$961 million-5.0%
State GDP$198.1 billion$277.1 billion-28.5%

Nebraska per resident

$9,171

Iowa per resident

$9,762

Nebraska โ€” Spending Composition

Iowa โ€” Spending Composition

Category-wise Allocation โ€” Nebraska vs Iowa

CategoryNebraskaIowaDifference
1. Medicaid
$4.0 billion
$9.2 billion
-56.2%
2. Higher Education
$3.8 billion
$8.0 billion
-51.9%
3. All Other
$6.4 billion
$6.5 billion
-1.7%
4. K-12 Education
$2.4 billion
$5.0 billion
-51.6%
5. Transportation
$1.3 billion
$2.5 billion
-49.0%
6. Corrections
$613 million
$532 million
+15.2%

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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Browse all 50 state budgets, the federal budget across every fiscal year, or build a different comparison from the compare page.