A new analysis identifies states that have sent more money to Washington than they saw in returned federal spending.
Connecticut, Massachusetts, New Jersey and New York are among the places that come out at the bottom of the heap in a new analysis that compares how the money that flows from states to the federal government stacks up against federal spending within each state.
The Rockefeller Institute of Government examined the distribution of federal revenues and spending for each state, and came up with “balance of payments” figures that measure the gap between the two sums overall and on a per-capita basis to control for population size.
Forty states had a positive balance of payments in the 2017 federal fiscal year, according to the analysis, meaning federal spending in those states was greater than the taxes and other revenues sent from the states to the federal government. Ten states had negative balances.
Route Fifty
By Bill Lucia,
Senior Reporter
JANUARY 8, 2019