NY Gets 91 Cents From D.C. for Every $1 Sent
New York state receives about 91 cents in federal spending for every dollar its taxpayers send to Washington, compared to a national average of nearly $1.22 in federal spending that other states get, Comptroller Thomas DiNapoli says.
The report shows New York ranked 46th in its federal balance of payments.
In the 2013 federal fiscal year, the U.S. government spent nearly $3.5 trillion, and brought in nearly $2.8 trillion in revenue, with a budget deficit of $680 billion. That year, New York state generated an estimated $214 billion in all taxes for the federal government, third behind California and Texas.
That was $19.9 billion more than it received in return from the federal government.
This article appeared in print on page 5 of edition of Hamodia.
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