New York Fiscal Statistics

StatisNostics/State Financials/New York

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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

1Total revenue increased by 72.3% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 0.4%, while per-capita revenue changed by 71.7%.
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

1Per capita expenditures grew by 278%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 210%, which may indicate classification changes, new initiatives, or reporting adjustments
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

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