Table 4.II.N |
NYC Residential State Tax Payments vs.
State Funding Received |
State Tax Liability of NY City Residents |
(in $ millions) |
| |
|
|
|
| State tax collections from
New York City residents ² |
5,245 |
5,520 |
6,290 |
7,087 |
8,636 |
7,528 |
6,756 |
7,472 |
8,921 |
10,661 |
|
|
|
|
| State
tax collections from all NY State residents, including City residents |
14,158 |
14,478
|
16,202 |
17,944
|
20,997 |
18,829 |
17,470 |
18,947 |
21,590 |
23,865 |
|
|
|
|
| Contribution
by City residents towards Total State tax collections |
37% |
38% |
39% |
39% |
41% |
40% |
39% |
39% |
41% |
45% |
|
|
|
|
| |
|
|
|
|
|
|
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|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ¹Latest available |
|
|
|
|
|
|
|
|
|
|
|
|
| ²Figures represent Personal
Income taxes collected from full-year residents for the fiscal years ended
December 31st, 1996-2005. |
| |
| |
| Source: |
| NY State Dept. of Taxation and
Finance. Annual Statistical Report, July 2008. Analysis of State Personal
Income Tax Returns by Place of Residence (tables 2,3) |
|
| |
| |
NY State's Educational Grants to New York
City |
(in $ millions) |
| |
|
| State Grants for Education
to New York City *2 |
5,517 |
5,723 |
5,967 |
6,012 |
N/A |
N/A |
N/A |
N/A |
|
|
| Total NY State Expenditure
on Education *3 |
19,408 |
20,716 |
21,368 |
22,705 |
24,023 |
25,303 |
28,222 |
31,215 |
|
|
| City's share in State's Educational
Expenditure |
28% |
28% |
28% |
26% |
N/A |
N/A |
N/A |
N/A |
|
|
| |
|
| |
|
| |
| *2 Figures represent total funding received including funding for
Community Colleges and Hunter Campus Schools. |
| *3 Figures represent net NY State-wide expenditure, including expenditure
on SUNY and CUNY. |
| |
| Source: |
| Comprehensive
Annual Financial Reports of the Comptroller for the fiscal years ended June
30th, 2001-04 / Part II-E-General Fund-Schedule G2. |
| Comprehensive
Annual Financial Reports of the Comptroller for the fiscal years ended March
31, 2001-04 / For 2003-04, refer pg 32. |
| http://www.osc.state.ny.us/finance/index.htm |
| |
|
| |
| In
a nutshell, City of New York residents pay 39% of all State tax collections,
but merely receive a 28% share of the State's expenditure on education. |
