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Virginia vs Ohio Budget FY2021

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Virginia vs Ohio

Total Expenditure

Virginia

$74.7 billion

Ohio

$81.2 billion

Virginia is 8.1% lower
General Fund

Virginia

$22.6 billion

Ohio

$22.9 billion

Virginia is 1.5% lower
Total Revenue

Virginia

โ€”

Ohio

$105.9 billion

Not comparable
General Fund Revenue

Virginia

$23.4 billion

Ohio

$26.8 billion

Virginia is 12.6% lower
Rainy Day Fund

Virginia

$1.5 billion

Ohio

$2.7 billion

Virginia is 44.7% lower
State GDP

Virginia

$798.4 billion

Ohio

$966.8 billion

Virginia is 17.4% lower

Receipts & Expenditure Comparison

ParticularsVirginiaOhioDifference
Total Expenditure (all funds)$74.7 billion$81.2 billion-8.1%
General Fund Expenditure$22.6 billion$22.9 billion-1.5%
Total Revenueโ€”$105.9 billionโ€”
General Fund Revenue$23.4 billion$26.8 billion-12.6%
Rainy Day Fund$1.5 billion$2.7 billion-44.7%
State GDP$798.4 billion$966.8 billion-17.4%

Virginia per resident

$8,407

Ohio per resident

$6,825

Virginia โ€” Spending Composition

Ohio โ€” Spending Composition

Category-wise Allocation โ€” Virginia vs Ohio

CategoryVirginiaOhioDifference
1. Medicaid
$16.1 billion
$32.0 billion
-49.7%
2. All Other
$30.6 billion
$26.9 billion
+13.6%
3. K-12 Education
$9.4 billion
$12.9 billion
-27.4%
4. Higher Education
$8.4 billion
$3.2 billion
+160.0%
5. Transportation
$8.1 billion
$3.2 billion
+153.7%
6. Corrections
$1.6 billion
$2.3 billion
-29.9%
7. Public Assistance
$508 million
$739 million
-31.3%

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.

Explore more budget data

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