A report issued by New York State Comptroller Thomas DiNapoli shows that federal pandemic relief funds resulted in New York having a positive balance of payments with Washington for the fourth year in a row. However, it also warns that actions being taken and under consideration by the Trump Administration may significantly change the relationship between the state and federal government. New York was ranked 42nd in federal fiscal year (FFY) 2023 on a per capita basis, with the state received $1.06 for every tax dollar it paid to Washington; the national average was $1.32.
DiNapoli says, "With the end of pandemic aid, this may be the last year we find New Yorkers with a positive return from Washington. Actions taken by the Trump Administration and Congress may cut health care, food assistance, infrastructure and other critical programs to the detriment of all New Yorkers. Major cuts in federal funding simply cannot be replaced by state taxpayers, will reduce the services the state provides and will exacerbate the long-standing history of New Yorkers sending more of their hard-earned tax dollars to the federal government than they get back."
New Jersey, Massachusetts and Washington were the only states to have a negative balance. Prior to the COVID-19 pandemic, New York consistently ranked among the states with the largest negative balance of payments.
