Comptroller says state sent $24 billion to feds
New York state sent $24 billion more in tax payments to the federal government than it received in federal spending in fiscal year 2017, getting back 90 cents for every dollar, according to a report by state Comptroller Thomas DiNapoli. New York was one of 11 states that sent more to Washington than it received, he said, and only New Jersey, Massachusetts and Connecticut fared worse.
“The state relies on the federal government for a third of its annual budget, but the imbalance of tax dollars remains,” DiNapoli said. Federal spending in 2017 in New York totaled $225.7 billion, including for Social Security, Medicare, grants, procurements and wages and salaries, he said, while the state and its residents sent nearly $250 billion to Washington in taxes.
