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NY Getting Stiffed to the Tune of $24B by Feds

The State Comptroller’s report notes that New York was one of just 11 states that sent more in tax dollars to Washington in federal fiscal year 2017 than it received. Only New Jersey, Massachusetts and Connecticut fared worse in terms of the tax/funding ratio.

New York State Comptroller Thomas DiNapoli New York State Comptroller Thomas DiNapoli

ALBANY—Last year, New York State sent $24.1 billion more in tax payments to the federal government than they received in return in federal spending in the Empire State.

New York State Comptroller Thomas P. DiNapoli reports the massive tax/funding disparity calculates out to New York receiving 90 cents of every $1 it sends to Washington, DC.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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