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NY’s Temporary Reprieve from Sending More Revenue to DC Than It Receives

New York State taxpayers have historically sent more in taxes to Washington than they received back in federal spending. However, this temporarily changed in federal fiscal year (FFY) 2020. Historic relief funds from the federal government, provided in response to the COVID-19 pandemic, boosted New York’s per capita balance of payments from Washington from second-to-last in FFY 2019 to 40th in FFY 2020 among states, according to a report released by New York State Comptroller Thomas P. DiNapoli.

New York received $146 billion, or $7,236 per capita, more in federal spending than residents paid in total taxes to the federal government in FFY 2020. For every tax dollar paid to Washington, New York received $1.59, an increase from 91 cents the prior year, but still below the national average of $1.92. DiNapoli noted that all states had a positive balance of payments for FFY 2020 due to the unprecedented influx of federal relief aid.

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About Damon K. Jones (219 Articles)
Damon K. Jones is an Activist, Author, and Publisher of Black Westchester Magazine, a Black-owned and operated newspaper based in Westchester County, New York. Mr. Jones is a Holistic Health Practitioner, First Aid in Mental Health Practioner, Diet, and Nutrition Advisor, and Vegan, Vegetarian Nutrition Life Coach. Mr. Jones is a 31 year Law Enforcement Practioner, New York Representative of Blacks in Law Enforcement of America. Mr. Jones has been a guest commentator on New York radio stations WBLS (107.5 FM), WLIB (1190 am), WRKS (98.7 FM), WBAI (99.5 FM), and Westchester's WVOX (1460 am). Mr. Jones has appeared on local television broadcasts, including Westchester News 12 “News Makers” and Public Television “Winbrook Pride. You can now hear Damon every Wednesday at 830 AM on WFAS 1230 AM, Morning with Bob Marone Show.
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