ALBANY, N.Y. (NEXSTAR) — In the 2023 federal fiscal year, New York made back $1.04 in federal spending for every dollar it paid in federal taxes, a positive balance. During the prior fiscal year, the state had a negative balance of federal payments, meaning we paid more to the feds than we got back.

The Rockefeller Institute of Government just published its eighth annual Balance of Payments Report detailing the financial relationship between the state and federal governments. It analyzed the net difference between federal spending within and federal revenues collected from New York, pointing to COVID as a major disruptor of historical financial patterns.

From 2015 to 2019, according to the Rockefeller Institute, the state had a consistent negative BOP, ranking at or near the bottom. The

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