Politics & Government
VA Less Reliant On Federal Dollars Than Other U.S. States, Study Says
Finance website WalletHub compared all 50 states to see which relied most on federal dollars. Here's where Virginia ranks.
VIRGINIA — A new study has revealed that Virginia is among the U.S. states that are less dependent on federal dollars that fund a range of things, including education, transportation, infrastructure and health care.
To find out which relied most on federal aid, finance website WalletHub compared all 50 states in terms of three key metrics: the return on taxes paid to the federal government, the share of federal jobs and federal funding as a share of state revenue.
The analysis revealed that some states receive much larger aid packages than others.
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“Regardless of whether the distribution of federal funds is fair or not, living in one of the most federally dependent states can be beneficial for residents," WalletHub analyst Chip Lupo said in a statement. "For every dollar residents of the top states pay in taxes, they get several dollars back in federal funding, which often leads to higher-quality infrastructure, education, public health and more.”
Virginia came in at No. 35 on the list, meaning only 15 states are less dependent on federal aid.
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Additionally, Virginia residents are among the most dependent on federal dollars, while the state's government is among the least reliant on similar funding. Virginia residents came in at No. 11 in a dependency rank, while the state government ranked No. 48.
These are the 10 states that rely most on federal aid, according to the analysis:
- Alaska
- Kentucky
- West Virginia
- Mississippi
- South Carolina
- New Mexico
- Louisiana
- Arizona
- Indiana
- Alabama
These 10 states are the least dependent on federal dollars:
- New Jersey
- California
- Delaware
- Massachusetts
- Utah
- Kansas
- Washington
- Illinois
- Colorado
- Iowa
See the full analysis at WalletHub.com.
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