New York taxpayers are seeing a shrinking return on their federal tax dollars as the Empire State receives back only 86 cents for every dollar sent to the federal government, according to a new analysis.
New Yorkers paid $35.6 billion more to the federal government than the state received back in fiscal 2017, the largest imbalance of any state in the nation, the Rockefeller Institute of Government in Albany found.
The imbalance is larger than the $24.1 billion gap initially reported by state Comptroller Thomas DiNapoli, who found New Yorkers received back 90 cents for every dollar sent to Washington in fiscal 2017.
The Rockefeller Institute study found a larger gap by looking at both direct and indirect payments between the federal government and New York, while DiNapoli only looked at direct payments.
The new study showed that New York is among four states in the Northeast – along with Connecticut, New Jersey and Massachusetts – that are the largest net “givers” to the federal government.
The four states generated almost 17 percent of all federal receipts, but had 11.8 percent of the U.S. population in 2017, the analysis found.