New York Fiscal Statistics

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20122024
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State Revenue Analysis (New York: 2012–2024)

Population: 19,607,140 → 19,677,151 (0.4% change)

Overall Revenue Trends

Total Revenue▲ 72.3%
$159,053,485,000 (2012)→$274,006,441,000 (2024)
Per Capita Revenue▲ 71.7%
$8,112 (2012)→$13,925 (2024)
Fund Balances▼ 100%
$90,123,071,000 (2012)→$0 (2024)
Revenue Volatility✓ Low
Avg. fluctuation: 5.5%

Major Tax Revenue

Sales Tax▲ 67.9%
$11,904,357,000 (2012)→$19,987,219,000 (2024)

Utility Revenue

Solid Waste Charges▼ 99.7%
$23,850,000 (2012)→$61,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Amusement Tax▲ 21132.4%
$769,000→$163,277,000
Unemployment-Federal Advances▲ 13751.1%
$43,231,000→$5,987,950,000
Federal Intergovernmental Other Natural Resources▲ 913.9%
$60,112,000→$609,455,000

Declining/Slowest Growing Sources

Solid Waste Charges▼ 99.7%
$23,850,000→$61,000
Housing & Community Development Charges▼ 97.4%
$69,489,000→$1,827,000
Federal Intergovernmental Air Transportation▼ 91.3%
$462,000→$40,000

Revenue Forecast

Projected Revenue (Next Year)▼ 1.2%
Estimated: $270,614,271,479
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

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%
Unemployment-Federal Advances0.0%
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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare26.8%
Individual Income Tax19.6%
Corporation Net Income Tax8.5%
Total General Sales Taxes7.3%
Federal Intergovernmental Other3.2%
Interest Earnings3.1%
Hospital Charges3.0%
Other Selective Sales Taxes2.9%
Electric Utilities Revenue2.5%
Federal Intergovernmental Education2.2%
Unemployment-Federal Advances2.2%
Federal Intergovernmental Health & Hospitals2.0%
Net Lottery Revenue1.5%
Unemployment - Contribution1.3%
Higher Education Tuition Charges1.1%
Federal Intergovernmental Housing & Community Development1.1%
Miscellaneous General Revenue Not Elsewhere Classified1.1%
Taxes Not Elsewhere Classified1.0%
Insurance Premium Tax0.9%
Federal Intergovernmental Highways0.7%
Workers Compensation - Other Contributions0.7%
All Other Not Elsewhere Classified Charges0.7%
Death & Gift Tax0.7%
Transit Utilities Revenue0.6%
Motor Fuels Sales Tax0.6%
Motor Vehicle License0.5%
Documentary & Stock Transfer Tax0.5%
Donations From Private Sources0.4%
Toll Highway Charges0.4%
Local Intergovernmental Other0.3%
Tobacco Sales Tax0.3%
Public Utilities Tax0.3%
Workers Compensation - Interest Earnings0.3%
Higher Education Auxiliary Charges0.3%
Federal Intergovernmental Other Natural Resources0.2%
Federal Intergovernmental Sewerage0.2%
Fines & Forfeits0.1%
Parks & Recreation Charges0.1%
Local Intergovernmental Education0.1%
Federal Intergovernmental Employment Security Administration0.1%
Alcoholic Beverage Sales Tax0.1%
Motor Vehicle Operators License0.1%
Amusement Tax0.1%
Occupation & Business License Not Elsewhere Classified0.1%
Alcoholic Beverage License Tax0.0%
Air Transportation Charges0.0%
Natural Resources Not Elsewhere Classified Charges0.0%
Hunting & Fishing License0.0%
Corporation License Tax0.0%
Public Utility License Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Rents0.0%
Regular Highway Charges0.0%
Water Transportation & Terminal Charges0.0%
Local Intergovernmental Highways0.0%
Sale of Property0.0%
Housing & Community Development Charges0.0%
Other License Tax0.0%
Solid Waste Charges0.0%
Federal Intergovernmental Air Transportation0.0%
Royalties0.0%

Key Insights

  1. 1Total revenue increased by 72.3% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Population changed by 0.4%, while per-capita revenue changed by 71.7%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (New York: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 279%
$42,611,436,000→$161,616,403,000
Per Capita Spending▲ 278%
$2,173→$8,213

Population Trends

Population Change▲ 0.4%
19,607,140 (2012)→19,677,151 (2024)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 39%
$738,803,000 (2012)→$1,028,303,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 67%
$995,976,000 (2012)→$1,659,320,000 (2024)
Sewerage Operations▼ 0%
$0 (2012)→$4,000,000 (2024)

Administrative Expenses

Financial Administration▲ 118%
$1,940,749,000 (2012)→$4,228,939,000 (2024)
General Expenses▲ 210%
$4,001,233,000 (2012)→$12,395,924,000 (2024)

New York Key Insights

  1. 1Per capita expenditures grew by 278%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 210%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 118% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 23%
$97,832,710,000 (2012)→$120,013,799,000 (2024)
Industrial Revenue Debt▼ 100%
$44,103,733,000 (2012)→$0 (2024)
Per Capita Debt▲ 22%
$4,990 (2012)→$6,099 (2024)

Population Trends

Population Change▲ 0.4%
19,607,140 (2012)→19,677,151 (2024)
⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2024)

Issued:$12,686,098,000
Retired:$20,959,844,000
Net Change:$-8,273,746,000

Debt Retirement Trend

$7,116,136,000 → $20,959,844,000▲ 195%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The state's debt burden per resident grew substantially while population remained relatively flat.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.