Post by the Scribe on Oct 15, 2022 15:57:33 GMT
States Most Dependent on the Federal Government – 2022 Edition
smartasset.com/data-studies/states-most-dependent-on-the-federal-government-2022
Patrick Villanova, CEPF® APR 20, 2022
Billions of dollars are at stake each year for individual states when lawmakers in Washington D.C. negotiate the following year’s federal budget. For 2023, President Biden is calling for a 7% increase in federal spending as part of his $5.8 trillion budget proposal. While this money will ultimately play a major role in how states fund themselves, some states are more reliant on federal dollars than others. For example, Wyoming gets over 56% of its revenue from federal sources, but only 27% of Hawaii’s revenue comes from the federal faucet. With this in mind, SmartAsset took a closer look at individual states to determine which ones are most dependent on the federal government.
To do this, we analyzed and compared data across the following metrics: federal share of state government revenue, ratio of federal funding to income taxes paid, percentage of workers employed by the federal government and ratio of median earnings for federal workers to median earnings for private workers. For details on our data sources and how we put all the information together to create our final rankings, read the Data and Methodology section below.
This is SmartAsset’s third annual study on the states most dependent on the federal government. Check out the 2021 version here.
Key Findings
Red states dominate the top 10. Eight of the 10 states most dependent on the federal government traditionally vote Republican. New Mexico (No. 2) is the only state in the top 10 to vote for the Democratic candidate in any of the last six presidential elections. Maine (No. 8), which splits its delegates, has voted for both Democrats and Republicans in the recent elections.
On average, federal funding makes up about 39% of state revenues. However, this figure varies by a margin of more than 29 percentage points. The federal share of state government revenue is highest in Wyoming, at 56.43%, and lowest in Hawaii, at 27.13%.
Connecticut ranks as the state least reliant on the federal government. Less than 32% of the revenue collected by the Connecticut state government comes from the federal government. That’s the eighth-smallest percentage across all 50 states. Connecticut also has the third-lowest percentage of workers employed by the federal government (1.47%) and fourth-lowest ratio of federal funding to income taxes paid (0.38).
more, great site smartasset.com/data-studies/states-most-dependent-on-the-federal-government-2022
smartasset.com/data-studies/states-most-dependent-on-the-federal-government-2022
Patrick Villanova, CEPF® APR 20, 2022
Billions of dollars are at stake each year for individual states when lawmakers in Washington D.C. negotiate the following year’s federal budget. For 2023, President Biden is calling for a 7% increase in federal spending as part of his $5.8 trillion budget proposal. While this money will ultimately play a major role in how states fund themselves, some states are more reliant on federal dollars than others. For example, Wyoming gets over 56% of its revenue from federal sources, but only 27% of Hawaii’s revenue comes from the federal faucet. With this in mind, SmartAsset took a closer look at individual states to determine which ones are most dependent on the federal government.
To do this, we analyzed and compared data across the following metrics: federal share of state government revenue, ratio of federal funding to income taxes paid, percentage of workers employed by the federal government and ratio of median earnings for federal workers to median earnings for private workers. For details on our data sources and how we put all the information together to create our final rankings, read the Data and Methodology section below.
This is SmartAsset’s third annual study on the states most dependent on the federal government. Check out the 2021 version here.
Key Findings
Red states dominate the top 10. Eight of the 10 states most dependent on the federal government traditionally vote Republican. New Mexico (No. 2) is the only state in the top 10 to vote for the Democratic candidate in any of the last six presidential elections. Maine (No. 8), which splits its delegates, has voted for both Democrats and Republicans in the recent elections.
On average, federal funding makes up about 39% of state revenues. However, this figure varies by a margin of more than 29 percentage points. The federal share of state government revenue is highest in Wyoming, at 56.43%, and lowest in Hawaii, at 27.13%.
Connecticut ranks as the state least reliant on the federal government. Less than 32% of the revenue collected by the Connecticut state government comes from the federal government. That’s the eighth-smallest percentage across all 50 states. Connecticut also has the third-lowest percentage of workers employed by the federal government (1.47%) and fourth-lowest ratio of federal funding to income taxes paid (0.38).
more, great site smartasset.com/data-studies/states-most-dependent-on-the-federal-government-2022