Guess which "color" states fund the opposite "color" states? Should be an easy one.
The findings are clear: New York’s residents and businesses — which consistently send more revenue to the Federal government than any other state — continue to contribute more in taxes than the state receives back in Federal spending. Key findings from this year’s report include:
+ Preliminary analysis of 2017 data indicates that at -$35.6 billion, New York’s overall balance of payments remains the least favorable of any state in the nation. New York maintains its rank from 2016 (-$38.6 billion).
+ New York’s shortfall in 2017 is nearly as large as that of second-ranked New Jersey (-$21.3 billion) and third-ranked Massachusetts (-$16.1 billion) combined. Connecticut and Illinois round out the list of the states with the least favorable balances.
+ The state’s per capita balance of payments, -$1,792, continues to rank the state as one of the least favorable in the nation. New York’s negative per capita balance of payments is less than all but three other states. This is only a very slight improvement over 2016, when New York ranked the third to last with a per capita measurement of -$1,946.
+ New Yorkers’ per capita difference between payments made to the Federal government and spending grew slightly to $3,717 more than the national average in 2017 of a positive $1,925.
+ Since 2016, the US per capita balance of payment gap has grown by $202, reflecting an increase in Federal spending relative to tax revenue. New York has seen an improvement of $155.
+ While New York’s balance of payments has improved, it has not kept pace with the national average. New York’s shortfall compared to the national average continues to expand.
https://rockinst.org/wp-content/uplo...f-Payments.pdf