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WalletHub: New Jersey is 2023’s least federally dependent state

NEW JERSEY – New Jersey is 2023’s least federally dependent state, according to a study done by WalletHub.

With the tax filing deadline drawing near but some states receiving far more in federal aid than they pay in taxes, the personal-finance website WalletHub Wednesday released updated rankings for 2023’s Most & Least Federally Dependent States.

This report illustrates the extent to which states are independent economically. 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 New Jersey (1=Most Dependent, 25=Avg.):

  • 49th – Return on Taxes Paid to the Federal Government
  • 49th – Federal Funding as a Share of State Revenue
  • 46th – Share of Federal Jobs

Source: WalletHub
Here are the top 5 least federally dependent states:
  1. New Jersey
  2. Washington
  3. Utah
  4. Kansas
  5. Illinois

Here are the top 5 most federally dependent states:

  1. Alaska
  2. West Virginia
  3. Mississippi
  4. Kentucky
  5. New Mexico

For the full report, click here.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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