New York Fiscal Statistics

StatisNostics/State Financials/New York

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20122022

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State Revenue Analysis (New York: 2012–2022)

Population: 19,607,140 → 19,336,776 (-1.4% change)

Overall Revenue Trends

Total Revenue▲ 71.6%

$159,010,254,000 (2012)→$272,924,663,000 (2022)

Per Capita Revenue▲ 74%

$8,110 (2012)→$14,114 (2022)

Fund Balances▼ 100%

$90,123,071,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 5.8%

Major Tax Revenue

Sales Tax▲ 47.9%

$11,904,357,000 (2012)→$17,607,827,000 (2022)

Utility Revenue

Solid Waste Charges▼ 99.7%

$23,850,000 (2012)→$68,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 3405.3%

$607,000→$21,277,000

Federal Intergovernmental Health & Hospitals▲ 1176.4%

$1,406,480,000→$17,952,501,000

Federal Intergovernmental Air Transportation▲ 563.6%

$462,000→$3,066,000

Declining/Slowest Growing Sources

Solid Waste Charges▼ 99.7%

$23,850,000→$68,000

Corporation License Tax▼ 99.3%

$52,469,000→$385,000

Housing & Community Development Charges▼ 91.2%

$69,489,000→$6,084,000

Revenue Forecast

Projected Revenue (Next Year)▲ 16.7%

Estimated: $318,605,655,168

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%

2022 Revenue Breakdown

Individual Income Tax25.9%

Federal Intergovernmental Public Welfare24.8%

Corporation Net Income Tax8.7%

Federal Intergovernmental Health & Hospitals6.6%

Total General Sales Taxes6.5%

Other Selective Sales Taxes2.7%

Electric Utilities Revenue2.4%

Hospital Charges2.4%

Federal Intergovernmental Education2.2%

Net Lottery Revenue1.5%

Interest Earnings1.4%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Unemployment - Contribution1.2%

Federal Intergovernmental Housing & Community Development1.1%

Federal Intergovernmental Other1.0%

Higher Education Tuition Charges0.9%

Insurance Premium Tax0.8%

Workers Compensation - Other Contributions0.7%

Documentary & Stock Transfer Tax0.7%

Taxes Not Elsewhere Classified0.7%

Federal Intergovernmental Highways0.6%

Motor Fuels Sales Tax0.6%

All Other Not Elsewhere Classified Charges0.5%

Motor Vehicle License0.5%

Death & Gift Tax0.5%

Local Intergovernmental Other0.5%

Transit Utilities Revenue0.4%

Donations From Private Sources0.4%

Tobacco Sales Tax0.3%

Toll Highway Charges0.3%

Public Utilities Tax0.3%

Workers Compensation - Interest Earnings0.3%

Higher Education Auxiliary Charges0.3%

Federal Intergovernmental Employment Security Administration0.2%

Local Intergovernmental Education0.1%

Fines & Forfeits0.1%

Federal Intergovernmental Other Natural Resources0.1%

Alcoholic Beverage Sales Tax0.1%

Parks & Recreation Charges0.1%

Federal Intergovernmental Sewerage0.1%

Motor Vehicle Operators License0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Alcoholic Beverage License Tax0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Air Transportation Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Hunting & Fishing License0.0%

Rents0.0%

Local Intergovernmental Highways0.0%

Sale of Property0.0%

Public Utility License Tax0.0%

Parimutuels Tax0.0%

Regular Highway Charges0.0%

Water Transportation & Terminal Charges0.0%

Housing & Community Development Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Other License Tax0.0%

Amusement Tax0.0%

Corporation License Tax0.0%

Solid Waste Charges0.0%

Royalties0.0%

Key Insights

1Total revenue increased by 71.6% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by -1.4%, while per-capita revenue changed by 74.0%.
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 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 222%

$42,611,436,000→$137,101,576,000

Per Capita Spending▲ 226%

$2,173→$7,090

Population Trends

Population Change▼ 1.4%

19,607,140 (2012)→19,336,776 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 28%

$738,803,000 (2012)→$946,450,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 33%

$995,976,000 (2012)→$1,322,967,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$4,010,000 (2022)

Administrative Expenses

Financial Administration▲ 67%

$1,940,749,000 (2012)→$3,236,330,000 (2022)

General Expenses▲ 193%

$4,001,233,000 (2012)→$11,739,598,000 (2022)

New York Key Insights

1Per capita expenditures grew by 226%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 193%, which may indicate classification changes, new initiatives, or reporting adjustments

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 56%

$97,832,710,000 (2012)→$152,386,476,000 (2022)

Industrial Revenue Debt▼ 100%

$44,103,733,000 (2012)→$0 (2022)

Per Capita Debt▲ 58%

$4,990 (2012)→$7,881 (2022)

Population Trends

Population Change▼ 1.4%

19,607,140 (2012)→19,336,776 (2022)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2022)

Issued:$22,344,660,000

Retired:$18,542,504,000

Net Change:+$3,802,156,000

Debt Retirement Trend

$7,116,136,000 → $18,542,504,000▲ 161%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2The state's debt burden per resident grew substantially while population remained relatively flat.
3There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.
4New debt issuance significantly increased the per-resident debt burden (up 58%).