New York Receives More Federal Spending Than Tax Contributions for Fourth Straight Year, Comptroller's Report Finds
May 16, 2025
May 16, 2025
ALBANY, New York, May 16 (TNSLprt) -- For the fourth consecutive year, New York State received more in federal spending than it contributed in federal taxes, according to a new report released in April 2025 by the Office of the State Comptroller, led by Thomas P. DiNapoli. The analysis of Federal Fiscal Year 2023 (FFY 2023) data reveals that New York generated $320.1 billion in federal taxes and benefited from $337.9 billion in federal spending, resulting in a positive balance of payments for th . . .