With Tax Day postponed to July 15 and states having received hundreds of billions of dollars in federal aid during the COVID-19 pandemic, the personal-finance website WalletHub has released updated rankings for 2020’s Most and Least Federally Dependent States.
This report illustrates the extent to which states are independent economically. However, the oxymoron in this situation is that states with a higher level of federal dependence are likely better positioned to handle the coronavirus pandemic, given that most relief has come from the federal government.
For the full report visit: https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/.
In order to identify which states most and least depend on federal support, WalletHub compared the 50 states across three key metrics: return on taxes paid to the federal government; federal funding as a share of state revenue; and share of federal jobs.
Federal Dependency of California (1=Most Dependent, 25=Avg.):
43rd – Return on Taxes Paid to the Federal Government;
36th – Federal Funding as a Share of State Revenue;
37th – Share of Federal Jobs.