New York’s Balance of Payments in the Federal Budget
FEDERAL FISCAL YEAR 2023
For the fourth year in a row, federal pandemic relief funds resulted in New York having a positive balance of payments with Washington. For every tax dollar New York paid to Washington in Federal Fiscal Year 2023, the State received $1.06 in return; the national average was $1.32. New York’s balance of payments was $912 per capita, ranking New York 42nd among states. This report is the ninth in a series by the Office of the State Comptroller that examines the flow of funds between the federal government and the states.
Open Book New York
SEARCH STATE AND LOCAL GOVERNMENT FINANCIAL RECORDS
Comptroller DiNapoli wants New Yorkers to know how their tax dollars are spent. Without transparency in government, there cannot be accountability. Open Book New York provides comprehensive financial data on State contracts, payments, spending and more.