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Nebraska vs Iowa Budget FY2025

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Nebraska vs Iowa

Total Expenditure

Nebraska

$20.2 billion

Iowa

$33.0 billion

Nebraska is 38.8% lower
General Fund

Nebraska

$5.5 billion

Iowa

$9.0 billion

Nebraska is 39.0% lower
Total Revenue

Nebraska

โ€”

Iowa

โ€”

Not comparable
General Fund Revenue

Nebraska

$6.2 billion

Iowa

$8.9 billion

Nebraska is 31.1% lower
Rainy Day Fund

Nebraska

$877 million

Iowa

$891 million

Nebraska is 1.6% lower
State GDP

Nebraska

$198.1 billion

Iowa

$277.1 billion

Nebraska is 28.5% lower

Receipts & Expenditure Comparison

ParticularsNebraskaIowaDifference
Total Expenditure (all funds)$20.2 billion$33.0 billion-38.8%
General Fund Expenditure$5.5 billion$9.0 billion-39.0%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$6.2 billion$8.9 billion-31.1%
Rainy Day Fund$877 million$891 million-1.6%
State GDP$198.1 billion$277.1 billion-28.5%

Nebraska per resident

$10,022

Iowa per resident

$10,198

Nebraska โ€” Spending Composition

Iowa โ€” Spending Composition

Category-wise Allocation โ€” Nebraska vs Iowa

CategoryNebraskaIowaDifference
1. Medicaid
$4.0 billion
$9.8 billion
-58.9%
2. Higher Education
$4.2 billion
$8.1 billion
-48.6%
3. All Other
$7.5 billion
$7.1 billion
+5.3%
4. K-12 Education
$2.6 billion
$5.2 billion
-51.2%
5. Transportation
$1.3 billion
$2.2 billion
-39.1%
6. Corrections
$637 million
$556 million
+14.6%

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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