Virginia vs Illinois Budget FY2022
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Virginia vs Illinois
Virginia
$74.9 billion
Illinois
$122.6 billion
Virginia
$24.6 billion
Illinois
$48.3 billion
Virginia
โ
Illinois
โ
Virginia
$29.3 billion
Illinois
$50.3 billion
Virginia
$2.6 billion
Illinois
$752 million
Virginia
$798.4 billion
Illinois
$1.20 trillion
Receipts & Expenditure Comparison
| Particulars | Virginia | Illinois | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $74.9 billion | $122.6 billion | -38.9% |
| General Fund Expenditure | $24.6 billion | $48.3 billion | -49.0% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $29.3 billion | $50.3 billion | -41.9% |
| Rainy Day Fund | $2.6 billion | $752 million | +252.0% |
| State GDP | $798.4 billion | $1.20 trillion | -33.6% |
Virginia per resident
$8,437
Illinois per resident
$9,641
Virginia โ Spending Composition
Illinois โ Spending Composition
Category-wise Allocation โ Virginia vs Illinois
| Category | Virginia | Illinois | Difference |
|---|---|---|---|
1. All Other | $25.3 billion | $72.5 billion | -65.1% |
2. Medicaid | $18.7 billion | $24.9 billion | -25.1% |
3. K-12 Education | $10.8 billion | $14.9 billion | -27.5% |
4. Higher Education | $9.2 billion | $2.3 billion | +305.1% |
5. Transportation | $8.8 billion | $6.3 billion | +39.5% |
6. Corrections | $1.7 billion | $1.5 billion | +9.1% |
7. Public Assistance | $480 million | $134 million | +258.2% |
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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