Government budget and revenue in New York, New York: official figures
New York's city government took in $127.9 billion in total revenue in the fiscal year ended 30 June 2024, or $15,337 for each of its 8,335,897 residents (2024 figure in the finance file); per resident that is the 4th highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.
How much does New York spend and on what?
It spent $154.1 billion in the same year, $18,485 per resident, the 3rd highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were elementary and secondary schools (25.4%), public transit (10.1%) and hospitals (7.0%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does New York collect per resident?
Taxes raised $73.2 billion ($8,779 per resident, the 2nd highest of 582) in the fiscal year ended 30 June 2024, 59.6% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does New York rely on?
Of New York's tax revenue in the fiscal year ended 30 June 2024, property tax made up 45.1%, general sales tax 13.6%, individual income tax 21.3%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 3.2%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; New York's property tax share is the 217th lowest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.
Source: U.S. Census Bureau · saved copyHow much federal and state money does New York get?
Payments from other governments made up 25.8% of New York's city government's general revenue in the fiscal year ended 30 June 2024: 9.3% from the federal government ($1,369 per resident), 15.4% from the state and 1.0% from other local governments. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does New York raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $12.0 billion, 9.8% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $5.1 billion.
Source: U.S. Census Bureau · saved copyHow much does New York spend on police?
New York's city government spent $6.6 billion on police in the fiscal year ended 30 June 2024, $791 per resident (the 23rd highest of 582) and 4.3% of its total spending; police took 10.3% of spending across all US city governments in 2022.
Source: U.S. Census Bureau · saved copyHow much does New York spend on fire protection?
Fire protection cost $2.8 billion, $339 per resident, in the fiscal year ended 30 June 2024.
Source: U.S. Census Bureau · saved copyDoes New York city government run the schools?
New York's city government also pays for public schools: elementary and secondary education took $39.2 billion, 25.4% of its spending in the fiscal year ended 30 June 2024, which in most US cities is spent by a separate school district instead.
Source: U.S. Census Bureau · saved copyHow much debt does New York have?
At the end of the fiscal year ended 30 June 2024, New York's city government owed $137.3 billion in long-term debt, $16,465 per resident (the 4th highest of 582). During the year it issued $16.7 billion of new long-term debt and repaid $10.6 billion.
Source: U.S. Census Bureau · saved copyHow much does New York pay in interest on its debt?
Interest on debt cost $8.9 billion in the fiscal year ended 30 June 2024, 5.8% of total spending.
Source: U.S. Census Bureau · saved copyHow has the New York city budget changed?
Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 1.4% from $15,132 to $15,337, spending per resident rose 7.9% to $18,485, taxes per resident rose 4.3% to $8,779.
Source: U.S. Census Bureau · saved copyHow New York compares with other cities in the United States
City government total revenue per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 3 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total revenue per resident, 2022 |
|---|---|---|
| 1 | Washington | $27,899 |
| 2 | San Francisco | $18,451 |
| 3 | New York | $15,132 |
| 4 | Cambridge | $14,592 |
| 5 | Gulfport | $11,741 |
| 6 | Santa Clara | $9,717 |
| 7 | Santa Monica | $8,672 |
City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 3 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total spending per resident, 2022 |
|---|---|---|
| 1 | Washington | $28,881 |
| 2 | San Francisco | $19,918 |
| 3 | New York | $17,135 |
| 4 | Cambridge | $13,664 |
| 5 | Gulfport | $12,087 |
| 6 | Palo Alto | $11,900 |
| 7 | Santa Clara | $10,842 |
City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 2 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City taxes collected per resident, 2022 |
|---|---|---|
| 1 | Washington | $14,365 |
| 2 | New York | $8,414 |
| 3 | San Francisco | $6,777 |
| 4 | Newton | $4,982 |
| 5 | Miami Beach | $4,949 |
| 6 | Cambridge | $4,761 |
| 7 | Stamford | $4,634 |
City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 18 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City spending on police per resident, 2022 |
|---|---|---|
| 15 | Bridgeport | $747 |
| 16 | Albany | $737 |
| 17 | Inglewood | $714 |
| 18 | New York | $711 |
| 19 | White Plains | $701 |
| 20 | Fort Lauderdale | $699 |
| 21 | Berkeley | $698 |
City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 5 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2022 |
|---|---|---|
| 2 | Washington | $25,936 |
| 3 | Salt Lake City | $20,122 |
| 4 | Gainesville | $16,205 |
| 5 | New York | $15,407 |
| 6 | Atlanta | $15,138 |
| 7 | San Mateo | $14,778 |
| 8 | Nashville | $13,658 |
Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 422 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Property tax as a share of city tax revenue, 2022 |
|---|---|---|
| 419 | San Marcos | 42.9% |
| 420 | Lawrence | 42.8% |
| 421 | Cheyenne | 42.7% |
| 422 | New York | 42.6% |
| 423 | Pensacola | 42.5% |
| 424 | Davis | 42.5% |
| 425 | Apopka | 42.5% |
Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
New York ranks 187 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2022 |
|---|---|---|
| 184 | Muncie | 27.6% |
| 185 | Davis | 27.5% |
| 186 | South Bend | 27.5% |
| 187 | New York | 27.4% |
| 188 | Tucson | 27.4% |
| 189 | Wheaton | 27.4% |
| 190 | San Marcos | 27.4% |
City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 4 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total revenue per resident, 2024 |
|---|---|---|
| 1 | Washington | $32,072 |
| 2 | San Francisco | $22,501 |
| 3 | Cambridge | $16,285 |
| 4 | New York | $15,337 |
| 5 | Gulfport | $13,483 |
| 6 | Santa Clara | $11,999 |
| 7 | Miami Beach | $11,537 |
City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 3 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total spending per resident, 2024 |
|---|---|---|
| 1 | Washington | $32,869 |
| 2 | San Francisco | $27,288 |
| 3 | New York | $18,485 |
| 4 | Cambridge | $17,034 |
| 5 | Palo Alto | $13,262 |
| 6 | Santa Clara | $12,680 |
| 7 | Gulfport | $12,337 |
City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 2 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City taxes collected per resident, 2024 |
|---|---|---|
| 1 | Washington | $15,543 |
| 2 | New York | $8,779 |
| 3 | San Francisco | $7,550 |
| 4 | Miami Beach | $6,514 |
| 5 | Cambridge | $5,575 |
| 6 | Boston | $5,508 |
| 7 | Newton | $5,294 |
City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 23 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City spending on police per resident, 2024 |
|---|---|---|
| 20 | Ocala | $815 |
| 21 | Oakland | $807 |
| 22 | Ontario | $799 |
| 23 | New York | $791 |
| 24 | Queen Creek | $779 |
| 25 | White Plains | $778 |
| 26 | Richmond | $776 |
City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 4 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2024 |
|---|---|---|
| 1 | San Francisco | $31,933 |
| 2 | Washington | $28,409 |
| 3 | Atlanta | $17,934 |
| 4 | New York | $16,465 |
| 5 | Nashville | $16,121 |
| 6 | Miami Beach | $15,675 |
| 7 | Lansing | $14,340 |
Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 364 of 580, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Property tax as a share of city tax revenue, 2024 |
|---|---|---|
| 361 | Miami Beach | 45.7% |
| 362 | Largo | 45.6% |
| 363 | Kissimmee | 45.6% |
| 364 | New York | 45.1% |
| 365 | Baytown | 45.0% |
| 366 | Sugar Land | 44.9% |
| 367 | Carlsbad | 44.8% |
Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
New York ranks 185 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2024 |
|---|---|---|
| 182 | Nashua | 25.9% |
| 183 | Smyrna | 25.8% |
| 184 | Kokomo | 25.8% |
| 185 | New York | 25.8% |
| 186 | Harlingen | 25.7% |
| 187 | Grand Rapids | 25.7% |
| 188 | Camden | 25.6% |
More on New York: overview · economy and jobs · health · education and schools · poverty and living standards · all cities in the United States
Sources
- U.S. Census Bureau: 2024 Annual Survey of State and Local Government Finances, individual unit files (item amounts for every sampled government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 0967c4d30466…)
- U.S. Census Bureau: 2022 Census of Governments: State and Local Government Finances, individual unit files (item amounts for every government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 c8de889f6b33…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.