New York Fiscal Statistics

StatisNostics/State Financials/New York

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20122021

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State Revenue Analysis (New York: 2012–2021)

Population: 19,607,140 → 19,453,561 (-0.8% change)

Overall Revenue Trends

Total Revenue▲ 34.2%

$159,010,254,000 (2012)→$213,329,849,000 (2021)

Per Capita Revenue▲ 35.2%

$8,110 (2012)→$10,966 (2021)

Fund Balances▲ 31.9%

$90,123,071,000 (2012)→$118,905,322,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 3.3%

Major Tax Revenue

Sales Tax▲ 31.2%

$11,904,357,000 (2012)→$15,612,861,000 (2021)

Utility Revenue

Solid Waste Charges▼ 99.8%

$23,850,000 (2012)→$58,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Air Transportation▲ 968.2%

$462,000→$4,935,000

Federal Intergovernmental Transit Utilities▲ 837.8%

$571,134,000→$5,355,815,000

Regular Highway Charges▲ 538.3%

$2,742,000→$17,503,000

Declining/Slowest Growing Sources

Local Intergovernmental Public Welfare▼ 100.0%

$101,947,000→$1,000

Solid Waste Charges▼ 99.8%

$23,850,000→$58,000

Federal Intergovernmental Sewerage▼ 98.4%

$268,233,000→$4,400,000

Revenue Forecast

Projected Revenue (Next Year)▲ 5.4%

Estimated: $224,821,769,220

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Individual Income Tax24.4%

Federal Intergovernmental Public Welfare21.1%

Total General Sales Taxes7.5%

Federal Intergovernmental Education4.4%

Hospital Charges4.0%

Electric Utilities Revenue4.0%

Other Selective Sales Taxes3.3%

Corporation Net Income Tax2.9%

Miscellaneous General Revenue Not Elsewhere Classified2.8%

Interest Earnings2.1%

Net Lottery Revenue2.1%

Unemployment - Contribution2.1%

Workers Compensation - Other Contributions1.3%

Federal Intergovernmental Other1.2%

Higher Education Tuition Charges1.2%

Federal Intergovernmental Highways1.1%

Transit Utilities Revenue1.1%

Tobacco Sales Tax1.0%

Taxes Not Elsewhere Classified1.0%

Federal Intergovernmental Housing & Community Development1.0%

Motor Fuels Sales Tax1.0%

Motor Vehicle License0.9%

Federal Intergovernmental Health & Hospitals0.9%

Insurance Premium Tax0.8%

All Other Not Elsewhere Classified Charges0.7%

Death & Gift Tax0.7%

Public Utilities Tax0.6%

Higher Education Auxiliary Charges0.6%

Toll Highway Charges0.5%

Documentary & Stock Transfer Tax0.4%

Local Intergovernmental Transit Utilities0.4%

Federal Intergovernmental Transit Utilities0.4%

Workers Compensation - Interest Earnings0.3%

Donations From Private Sources0.3%

Fines & Forfeits0.3%

Local Intergovernmental Other0.2%

Federal Intergovernmental Employment Security Administration0.2%

Federal Intergovernmental Sewerage0.2%

Alcoholic Beverage Sales Tax0.2%

Parks & Recreation Charges0.1%

Local Intergovernmental Education0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Federal Intergovernmental Electric Utilities0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Public Welfare0.1%

Education Other State Charges Not Elsewhere Classified0.0%

Housing & Community Development Charges0.0%

Federal Intergovernmental Other Natural Resources0.0%

Alcoholic Beverage License Tax0.0%

Air Transportation Charges0.0%

Hunting & Fishing License0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Corporation License Tax0.0%

Federal Intergovernmental Water Utilities0.0%

Solid Waste Charges0.0%

Parimutuels Tax0.0%

Rents0.0%

Public Utility License Tax0.0%

Local Intergovernmental Housing & Community Development0.0%

Water Transportation & Terminal Charges0.0%

Regular Highway Charges0.0%

Other License Tax0.0%

Amusement Tax0.0%

Sale of Property0.0%

Federal Intergovernmental Air Transportation0.0%

Amusement License Tax0.0%

2021 Revenue Sources

Federal Intergovernmental Public Welfare27.9%

Individual Income Tax25.8%

Total General Sales Taxes7.3%

Electric Utilities Revenue2.9%

Federal Intergovernmental Health & Hospitals2.8%

Hospital Charges2.8%

Other Selective Sales Taxes2.8%

Federal Intergovernmental Transit Utilities2.5%

Corporation Net Income Tax2.3%

Interest Earnings2.0%

Federal Intergovernmental Education1.7%

Net Lottery Revenue1.5%

Miscellaneous General Revenue Not Elsewhere Classified1.5%

Federal Intergovernmental Housing & Community Development1.5%

Unemployment - Contribution1.4%

Higher Education Tuition Charges1.2%

Federal Intergovernmental Other1.1%

Workers Compensation - Other Contributions1.1%

Insurance Premium Tax1.0%

Federal Intergovernmental Highways0.9%

Taxes Not Elsewhere Classified0.8%

Death & Gift Tax0.7%

Motor Fuels Sales Tax0.7%

Motor Vehicle License0.7%

Documentary & Stock Transfer Tax0.7%

All Other Not Elsewhere Classified Charges0.5%

Tobacco Sales Tax0.5%

Transit Utilities Revenue0.5%

Donations From Private Sources0.4%

Public Utilities Tax0.4%

Workers Compensation - Interest Earnings0.4%

Local Intergovernmental Transit Utilities0.4%

Toll Highway Charges0.4%

Federal Intergovernmental Employment Security Administration0.3%

Higher Education Auxiliary Charges0.2%

Local Intergovernmental Education0.2%

Alcoholic Beverage Sales Tax0.1%

Parks & Recreation Charges0.1%

Motor Vehicle Operators License0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Federal Intergovernmental Other Natural Resources0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Alcoholic Beverage License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Federal Intergovernmental Electric Utilities0.0%

Rents0.0%

Hunting & Fishing License0.0%

Air Transportation Charges0.0%

Local Intergovernmental Other0.0%

Fines & Forfeits0.0%

Public Utility License Tax0.0%

Local Intergovernmental Highways0.0%

Regular Highway Charges0.0%

Housing & Community Development Charges0.0%

Parimutuels Tax0.0%

Water Transportation & Terminal Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Federal Intergovernmental Sewerage0.0%

Sale of Property0.0%

Federal Intergovernmental Water Utilities0.0%

Corporation License Tax0.0%

Other License Tax0.0%

Amusement Tax0.0%

Solid Waste Charges0.0%

Royalties0.0%

Local Intergovernmental Public Welfare0.0%

Local Intergovernmental Health & Hospitals0.0%

Key Insights

1Total revenue increased by 34.2% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by -0.8%, while per-capita revenue changed by 35.2%.
3The state's fund balances increased by 31.9%, suggesting improved fiscal health.
4Revenue has been relatively stable (avg. fluctuation ~3.3%).

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State Expense Analysis (New York: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 8%

$42,611,436,000→$45,856,899,000

Per Capita Spending▲ 8%

$2,173→$2,357

Population Trends

Population Change▼ 0.8%

19,607,140 (2012)→19,453,561 (2021)

Public Safety Expenses

Police Protection▲ 20%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 11%

$0 (2012)→$0 (2021)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 46%

$0 (2012)→$0 (2021)

General Expenses▼ 35%

$0 (2012)→$0 (2021)

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 18%

$97,832,710,000 (2012)→$115,816,587,000 (2021)

Industrial Revenue Debt▲ 22%

$44,103,733,000 (2012)→$53,614,713,000 (2021)

Per Capita Debt▲ 19%

$4,990 (2012)→$5,953 (2021)

Population Trends

Population Change▼ 0.8%

19,607,140 (2012)→19,453,561 (2021)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$29,530,781,000

Retired:$17,400,653,000

Net Change:+$12,130,128,000

Debt Retirement Trend

$7,116,136,000 → $17,400,653,000▲ 145%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.