DiNapoli: New York ranks last in balance of payments with Washington
New York leads the nation in what it pays to the federal government compared to what it gets back from Washington, according to a report by state Comptroller Thomas P. DiNapoli. New York taxpayers paid $23.7 billion more in federal taxes than the state received in federal spending in federal fiscal year 2019. “In what has become a familiar and troubling story for the Empire State, New Yorkers send significantly more to Washington than we get back,” DiNapoli said. “At a time when the pandemic has shrunk local and state government revenues, shut down businesses and hurt families ...