NYS taxpayers are (again) getting less from federal gov than they pay in

July 2, 2024 Brooklyn Eagle Staff
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STATEWIDE — NEW YORK STATE returned to its pre-pandemic balance of payments relative to the federal government in 2022 — meaning that state taxpayers are again getting less funding from the feds than they pay in federal taxes, according to a study by the Rockefeller Institute of Government. For every dollar New Yorkers sent to the federal government in 2022, the most recent figures studied by the institute, they received only $0.95 in federal expenditures. Other states, on average, received $1.40 for every dollar contributed. This pattern of New York paying in more than it gets was reversed during the COVID-19 years of 2020 and 2021 when the state received pandemic funding commensurate with its population size and needs, the institute said in a statement Monday.

The five states with the most favorable Balance of Payments in 2022 — meaning they received more from the federal government than they paid in taxes — were Virginia, Maryland, Kentucky, Ohio and North Carolina.

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