Report: NY state not getting fair return on taxes paid to US
ALBANY, N.Y. (AP) — A report from New York state Comptroller Thomas DiNapoli says that the state received 84 cents for every dollar it sent in taxes to the federal government in 2016.
DiNapoli says New York receives significantly less per tax dollar than the vast majority of states. The report estimates that New York sent an estimated $40.9 billion more in tax payments to Washington last year than it received back in federal spending.
The report shows most states received more than they paid. The average return for all states was $1.18 per tax dollar sent to Washington.
According to DiNapoli’s 2015 analysis, New York generated $19.9 billion more in federal taxes than it received in federal spending in federal fiscal year 2013.