If NY was funded at the same % as florida they would have either lower taxes or a balanced budge.
Just medicaid florida is funded 11% more from the feds than NY's base rate.
That's another 8+ billion dollars in funding.
https://www.osc.state.ny.us/press/re...nts-washington
https://www.osc.state.ny.us/files/re...-year-2019.pdf
imagine NY got back dollar for dollar. That would be 27 billion more
Even worse if you compare it to Florida
New York -27 billion Florida + 69.8 billion. So if they got the same level of funding as Florida it would be 97 billion dollars more for the state.
3,248 per capita.
Imagine how much lower the taxes in NY would be huh?