New York Final Report

State:
New York
Control #:
NY-SCC-20
Format:
PDF
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Description

Final Report

The New York Final Report is an annual report that is created by the State of New York. It provides an overview of the state's progress in certain areas, such as the economy, healthcare, education, housing, transportation, and more. The report also includes detailed information on the state budget, taxes, and other financial matters. The report is compiled by the Office of the State Comptroller and is typically released in October each year. There are two types of New York Final Report: the Executive Summary and the Full Report. The Executive Summary is a brief overview of the state's progress in the various areas, while the Full Report offers much more detailed information on the state's finances and other matters.

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FAQ

New York City only has $80.1 billion of assets available to pay bills totaling $251.6 billion.

The leading industries in New York include financial services, healthcare, professional and business services, retail trade, manufacturing, and education.

In Fiscal Year 2022, general revenues were approximately $69.9 billion, an increase of $133 million from Fiscal Year 2021. Real estate taxes had the most revenues, totaling $29.5 billion, followed by personal income taxes at $15.5 billion.

Sources of U.S. Tax Revenue by Tax Type Sources of Government Revenue in the United States, 2021Tax TypePercentageIndividual Taxes42.1%Social Insurance Taxes23.8%Consumption Taxes16.6%4 more rows

Where do the City's revenues come from? New York City has a very broad revenue base which includes City taxes, user charges, federal and State grants, and other sources such as licenses, permits, and fines.

More info

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New York Final Report