Government budget and revenue in Vermont, United States: official figures
Vermont's state government took in $9.0 billion in fiscal year 2024, $13,987 per resident, 5th highest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Vermont state government spend?
The Vermont state government spent $9.6 billion in fiscal year 2024, or $14,785 per resident, 3rd highest of 50 states (all states: $9,444). Spending was 36.2% higher than in fiscal year 2019 ($7.0 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Vermont state government have?
Vermont state government debt outstanding was $2.7 billion at the end of fiscal year 2024, $4,125 per resident, 14th highest of 50 states (all states: $3,248). That equals 30% of one year's general revenue; in fiscal year 2019 the debt was $3.5 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Vermont get?
The federal government provided $3.0 billion to the Vermont state government in fiscal year 2024, $4,667 per resident and 33.8% of its general revenue, 21st lowest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Vermont spent on?
Public welfare programmes, mainly Medicaid, accounted for $1.7 billion or 57% of Vermont's federal funds in fiscal year 2024, and education for $456.6 million (15%).
Source: U.S. Census Bureau · saved copyWhat does the Vermont state government spend its money on?
Direct state spending on public welfare was $4,164 per resident in fiscal year 2024, 7th highest of 50 states (all states: $3,000); higher education took $1,418 per resident and highways $909.
Source: U.S. Census Bureau · saved copyHow much does Vermont give to local governments and schools?
27.1% of Vermont's state general spending in fiscal year 2024 ($2.6 billion) was paid to other governments, mostly local governments and school districts, 15th highest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Vermont collect?
Vermont collected $5.2 billion in state taxes in fiscal year 2025, $8,075 per resident, the highest of 50 states (all states: $4,503). That was 12.2% more than in fiscal year 2024 ($4.6 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Vermont rely on?
The individual income tax raised $1.4 billion (26.9% of state taxes, 15th lowest share of 50 states) in fiscal year 2025. The general sales tax raised $618.1 million (11.9%, 6th lowest share of 50 states). The largest single tax was the property tax (28.7%), followed by the individual income tax (26.9%).
Source: U.S. Census Bureau · saved copyDoes Vermont have corporate, property or severance taxes?
In fiscal year 2025, in Vermont, corporate net income tax raised $286.0 million (5.5% of state taxes); state property tax raised $1.5 billion; no severance tax on oil, gas, coal and minerals was collected.
Source: U.S. Census Bureau · saved copyHow much money does the Vermont state government hold in reserves?
The Vermont state government held $7.4 billion in cash and securities at the end of fiscal year 2024, $11,398 per resident, of which $6.7 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Vermont compares with other states
State government revenue per person (2024)
Vermont ranks 5 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 2 | North Dakota | $14,689 |
| 3 | Alaska | $14,299 |
| 4 | Hawaii | $14,000 |
| 5 | Vermont | $13,987 |
| 6 | Wyoming | $13,416 |
| 7 | New York | $13,131 |
| 8 | Delaware | $12,996 |
State government spending per person (2024)
Vermont ranks 3 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 1 | Alaska | $16,962 |
| 2 | New Mexico | $15,695 |
| 3 | Vermont | $14,785 |
| 4 | New York | $13,329 |
| 5 | California | $13,228 |
| 6 | Delaware | $13,137 |
| 7 | Hawaii | $12,865 |
State government debt per person (2024)
Vermont ranks 14 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 11 | South Dakota | $5,032 |
| 12 | California | $4,227 |
| 13 | Maryland | $4,147 |
| 14 | Vermont | $4,125 |
| 15 | Oregon | $3,964 |
| 16 | Colorado | $3,936 |
| 17 | Washington | $3,862 |
Federal funds received by the state government per person (2024)
Vermont ranks 7 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 4 | New York | $5,019 |
| 5 | Louisiana | $4,848 |
| 6 | Kentucky | $4,685 |
| 7 | Vermont | $4,667 |
| 8 | West Virginia | $4,251 |
| 9 | Oregon | $4,117 |
| 10 | Rhode Island | $4,105 |
Federal funds as a share of state general revenue (2024)
Vermont ranks 30 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 27 | New Hampshire | 34.6% |
| 28 | Florida | 34.4% |
| 29 | Maryland | 33.9% |
| 30 | Vermont | 33.8% |
| 31 | Texas | 32.9% |
| 32 | South Carolina | 32.8% |
| 33 | Iowa | 32.6% |
State tax collections per person (2025)
Vermont ranks 1 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 1 | Vermont | $8,075 |
| 2 | Hawaii | $7,703 |
| 3 | New Mexico | $7,028 |
| 4 | California | $6,989 |
| 5 | North Dakota | $6,902 |
| 6 | Connecticut | $6,711 |
| 7 | New York | $6,563 |
Individual income tax as a share of state taxes (2025)
Vermont ranks 36 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 33 | Louisiana | 29.0% |
| 34 | Ohio | 28.3% |
| 35 | Kentucky | 27.7% |
| 36 | Vermont | 26.9% |
| 37 | Arkansas | 21.8% |
| 38 | Mississippi | 21.7% |
| 39 | Arizona | 20.6% |
General sales tax as a share of state taxes (2025)
Vermont ranks 45 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 42 | California | 19.4% |
| 43 | Virginia | 18.8% |
| 44 | New York | 15.5% |
| 45 | Vermont | 11.9% |
| 46 | Oregon | 6.9% |
| 47 | New Hampshire | 0.0% |
| 48 | Montana | 0.0% |
State spending on public welfare per person (2024)
Vermont ranks 7 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 4 | Oregon | $4,799 |
| 5 | Kentucky | $4,481 |
| 6 | Alaska | $4,438 |
| 7 | Vermont | $4,164 |
| 8 | Rhode Island | $4,101 |
| 9 | Louisiana | $4,053 |
| 10 | Maine | $4,045 |
More on Vermont: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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