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Rhode Island vs Wyoming Budget FY2024

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Rhode Island vs Wyoming

Total Expenditure

Rhode Island

$12.8 billion

Wyoming

$5.6 billion

Rhode Island is 128.7% higher
General Fund

Rhode Island

$5.2 billion

Wyoming

$1.7 billion

Rhode Island is 216.6% higher
Total Revenue

Rhode Island

โ€”

Wyoming

โ€”

Not comparable
General Fund Revenue

Rhode Island

$5.4 billion

Wyoming

โ€”

Not comparable
Rainy Day Fund

Rhode Island

$347 million

Wyoming

โ€”

Not comparable
State GDP

Rhode Island

$84.0 billion

Wyoming

$52.6 billion

Rhode Island is 59.6% higher

Receipts & Expenditure Comparison

ParticularsRhode IslandWyomingDifference
Total Expenditure (all funds)$12.8 billion$5.6 billion+128.7%
General Fund Expenditure$5.2 billion$1.7 billion+216.6%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$5.4 billionโ€”โ€”
Rainy Day Fund$347 millionโ€”โ€”
State GDP$84.0 billion$52.6 billion+59.6%

Rhode Island per resident

$11,461

Wyoming per resident

$9,491

Rhode Island โ€” Spending Composition

Wyoming โ€” Spending Composition

Category-wise Allocation โ€” Rhode Island vs Wyoming

CategoryRhode IslandWyomingDifference
1. All Other
$5.2 billion
$0 million
โ€”
2. Medicaid
$3.0 billion
$706 million
+331.6%
3. K-12 Education
$2.1 billion
$1.1 billion
+98.1%
4. Higher Education
$1.4 billion
$487 million
+186.4%
5. Transportation
$777 million
$0 million
โ€”
6. Corrections
$289 million
$131 million
+120.6%

Compare Another Fiscal Year

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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