New York Fiscal Statistics

StatisNostics/State Financials/New York
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20122023
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State Revenue Analysis (New York: 2012–2023)

Population: 19,607,140 → 19,835,913 (1.2% change)

Overall Revenue Trends

Total Revenue▲ 66.5%
$159,010,254,000 (2012)→$264,709,399,000 (2023)
Per Capita Revenue▲ 64.5%
$8,110 (2012)→$13,345 (2023)
Fund Balances▼ 100%
$90,123,071,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 5.6%

Major Tax Revenue

Sales Tax▲ 60%
$11,904,357,000 (2012)→$19,046,752,000 (2023)

Utility Revenue

Solid Waste Charges▼ 99.8%
$23,850,000 (2012)→$46,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 1576.6%
$607,000→$10,177,000
Federal Intergovernmental Other Natural Resources▲ 630.8%
$60,112,000→$439,290,000
Corporation Net Income Tax▲ 432.3%
$4,567,889,000→$24,316,578,000

Declining/Slowest Growing Sources

Local Intergovernmental Public Welfare▼ 100.0%
$101,947,000→$1,000
Solid Waste Charges▼ 99.8%
$23,850,000→$46,000
Corporation License Tax▼ 99.2%
$52,469,000→$420,000

Revenue Forecast

Projected Revenue (Next Year)▲ 12.5%
Estimated: $297,699,390,811
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%
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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare26.8%
Individual Income Tax22.2%
Corporation Net Income Tax9.2%
Total General Sales Taxes7.2%
Electric Utilities Revenue3.1%
Other Selective Sales Taxes2.8%
Hospital Charges2.7%
Federal Intergovernmental Other2.4%
Federal Intergovernmental Education2.3%
Federal Intergovernmental Health & Hospitals2.1%
Interest Earnings1.9%
Net Lottery Revenue1.5%
Unemployment - Contribution1.2%
Documentary & Stock Transfer Tax1.2%
Higher Education Tuition Charges1.2%
Federal Intergovernmental Housing & Community Development1.2%
Miscellaneous General Revenue Not Elsewhere Classified1.1%
Insurance Premium Tax0.9%
Death & Gift Tax0.8%
Federal Intergovernmental Highways0.8%
Workers Compensation - Other Contributions0.7%
Taxes Not Elsewhere Classified0.7%
Transit Utilities Revenue0.6%
Motor Vehicle License0.5%
All Other Not Elsewhere Classified Charges0.5%
Motor Fuels Sales Tax0.5%
Donations From Private Sources0.5%
Toll Highway Charges0.4%
Local Intergovernmental Other0.4%
Tobacco Sales Tax0.3%
Public Utilities Tax0.3%
Workers Compensation - Interest Earnings0.3%
Higher Education Auxiliary Charges0.3%
Federal Intergovernmental Other Natural Resources0.2%
Fines & Forfeits0.1%
Federal Intergovernmental Employment Security Administration0.1%
Local Intergovernmental Education0.1%
Federal Intergovernmental Sewerage0.1%
Parks & Recreation Charges0.1%
Alcoholic Beverage Sales Tax0.1%
Motor Vehicle Operators License0.1%
Occupation & Business License Not Elsewhere Classified0.1%
Local Intergovernmental Highways0.1%
Alcoholic Beverage License Tax0.0%
Natural Resources Not Elsewhere Classified Charges0.0%
Air Transportation Charges0.0%
Hunting & Fishing License0.0%
Rents0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Public Utility License Tax0.0%
Water Transportation & Terminal Charges0.0%
Regular Highway Charges0.0%
Sale of Property0.0%
Amusement Tax0.0%
Housing & Community Development Charges0.0%
Other License Tax0.0%
Federal Intergovernmental Air Transportation0.0%
Corporation License Tax0.0%
Solid Waste Charges0.0%
Royalties0.0%
Local Intergovernmental Public Welfare0.0%

Key Insights

  1. 1Total revenue increased by 66.5% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Population changed by 1.2%, while per-capita revenue changed by 64.5%.
  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 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 245%
$42,611,436,000→$147,147,681,000
Per Capita Spending▲ 241%
$2,173→$7,418

Population Trends

Population Change▲ 1.2%
19,607,140 (2012)→19,835,913 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 31%
$738,803,000 (2012)→$967,836,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 52%
$995,976,000 (2012)→$1,509,164,000 (2023)
Sewerage Operations▼ 0%
$0 (2012)→$8,000,000 (2023)

Administrative Expenses

Financial Administration▲ 96%
$1,940,749,000 (2012)→$3,795,838,000 (2023)
General Expenses▲ 179%
$4,001,233,000 (2012)→$11,178,918,000 (2023)

New York Key Insights

  1. 1Per capita expenditures grew by 241%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 179%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 96% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 31%
$97,832,710,000 (2012)→$128,287,547,000 (2023)
Industrial Revenue Debt▼ 100%
$44,103,733,000 (2012)→$0 (2023)
Per Capita Debt▲ 30%
$4,990 (2012)→$6,467 (2023)

Population Trends

Population Change▲ 1.2%
19,607,140 (2012)→19,835,913 (2023)
⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2023)

Issued:$6,101,821,000
Retired:$30,148,625,000
Net Change:$-24,046,804,000

Debt Retirement Trend

$7,116,136,000 → $30,148,625,000▲ 324%
🔄 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 2012-2023, with a move toward higher debt levels.