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New York is Uncle Sam’s piggy bank: Tom DiNapoli shows the state/federal balance of payments

6 20
wednesday

Thank you to state Comptroller Tom DiNapoli for publishing an analysis of the balance of payments between the 50 states and the federal government. This is his ninth annual review, continuing a tradition that began when Pat Moynihan first arrived in the U.S. Senate in 1977 and that Moynihan kept up for all his 24 years of service.

Moynihan, always the professor, called his report the “fisc.” While the word “fisc” was archaic (look it up and learn something), the purpose was, and remains, cutting edge: How much does each state pay into the U.S. treasury in total taxes and how much government spending does each state receive........

© NY Daily News