August Dear Fellow New Yorker:

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2 August 2014 Dear Fellow New Yorker: As New York s chief financial officer, I am committed to providing the people of New York with accurate information about our State s finances. You have a right to know how your tax dollars are being spent, as well as other facts that relate to the State s overall fiscal health. The more the people know, the better our government will be. The Citizens Guide presents key data about revenue, spending, debt, taxes and more in a convenient format. You can find much more information about New York State and its local governments on my website: I hope you find this guide helpful. Sincerely, Thomas P. DiNapoli State Comptroller

3 TABLE OF CONTENTS YOUR TAX DOLLARS WHERE STATE FUNDS COME FROM, WHERE THEY GO...2 FEDERAL GRANTS SPENDING...3 SPENDING FROM STATE RESOURCES...4 SPENDING PER PERSON BY PROGRAM...5 TAXES: HOW DO WE COMPARE?...6 EDUCATION FUNDING SOURCES...7 NEW YORK S DEBT HOW MUCH DEBT DOES THE STATE HAVE AND WHAT DOES IT COST?...8 STATE DEBT PER CAPITA AND STATE DEBT AS A PERCENTAGE OF PERSONAL INCOME...9 NEW YORK S ECONOMY UNEMPLOYMENT RATES BY MAJOR METROPOLITAN AREA...10 PERSONAL INCOME PER PERSON...11 RECIPIENTS OF PUBLIC ASSISTANCE/FOOD STAMPS...11 INFRASTRUCTURE HIGHWAY CONDITION RATINGS...12 HEALTH MEDICAID COSTS...13 STATE REVENUE AND SPENDING DETAILS STATE REVENUE DETAILS...14 STATE SPENDING DETAILS...15 FEDERAL GRANTS RECEIVED AND DISBURSED...16 SOURCES FOR ADDITIONAL INFORMATION...17

4 STATE FUNDS The State Collected and Borrowed $93.9 Billion Personal Income Tax, 45.7% Borrowed, 2.8% Other Receipts, 18.9% Consumer Taxes, 16.1% Other Taxes, 3.6% Business Taxes, 8.8% Lottery Income, 4.1% The State Spent $96.3 Billion Repay Debt, 6.7% Transportation, 7.1% Environment and Recreation, 1.0% Public Health, 26.2% Education, 37.0% Support and Regulate Business, 1.2% Public Welfare, 4.0% Local Governments, 1.2% Public Safety, 4.1% General Government, 11.5% 2 THE CITIZENS GUIDE 2014

5 The State Spent $41.2 Billion from the Federal Government Public Safety, 4.9% Public Health, 65.4% Public Welfare, 13.3% Education, 10.2% Environment and Recreation, 0.8% Transportation, 4.2% Local Governments, 0.2% Support and Regulate Business, 0.1% General Government, 0.9% The State Has Spent $40.1 Billion in Federal Stimulus Funds (American Recovery and Reinvestment Act) from 2009 through 2014 Labor, 42.0% Education, 15.3% Public Protection, 0.2% Transportation, 2.4% Health and Social Services, 37.8% Energy and Environment, 2.3% A POCKET REFERENCE TO NEW YORK STATE S FINANCES 3

6 $100 $90 Total Spending from State Resources Spending from State resources Spending adjusted to inflation rate fi gures in billions $80 $70 $ Since 2010, spending from State resources has increased 12%. Infl ation-adjusted spending increased 8.3% over the same period. Total State Spending from State Resources per Person $5,000 $4,750 4,787 4,830 4,903 $4,500 4,653 $4,250 4,403 $4, THE CITIZENS GUIDE 2014

7 Total Spending from State Resources per Person by Program for $2,000 1,815 $1,500 1,284 $1, $ $0 Spending for Education and Public Health accounts for 63.2% of total spending from State resources. A POCKET REFERENCE TO NEW YORK STATE S FINANCES 5

8 Taxes per $1,000 of Personal Income * $200 $150 National Average New York State 152 $ $ $0 State Taxes Local Taxes State and Local Taxes Combined *Fiscal year 2011 Local taxes in New York are 72.3% above the national average, while State taxes are 14.5% above the national average. 6 THE CITIZENS GUIDE 2014

9 Education Funding Sources fi gures in billions $40 Federal State Local $30 $ $10 $ Between and , State support for public elementary and secondary schools fell by 2.1%, while local support grew by 22.3%. Federal support increased by 23.1% over the same period. A POCKET REFERENCE TO NEW YORK STATE S FINANCES 7

10 $70 $60 $50 $40 Non-Capital Non-Voter-Approved Capital Voter-Approved Capital State-Funded Debt fi gures in billions $30 $ $10 $ State-funded debt has increased 39.6% since Non-voter-approved capital debt accounted for 83.8% of the State-funded debt outstanding in The Cost of New York State s Debt fi gures in billions $8 $7 $6 $5 $4 $3 $2 $1 $0 Non-Capital Non-Voter-Approved Capital Voter-Approved Capital Debt service costs have increased 130.3% since THE CITIZENS GUIDE 2014

11 $4,000 $3,000 $2,000 State Debt per Capita New York State National Median 3,184 3,246 2,925 2,641 2,509 2,034 $1,000 $0 1,117 1, In 2013, each New Yorker s share of the total State government debt was over three times the national median. State Debt as a Percentage of Personal Income 8% New York State National Median 6% % 2% % New York has more than twice as much State debt as a percentage of personal income than the national median. A POCKET REFERENCE TO NEW YORK STATE S FINANCES 9

12 Unemployment Rates by Major Metropolitan Area comparison of 2009 and 2014 Albany Buffalo Long Island New York City Rochester Syracuse % 2% 4% 6% 8% 10% 10 THE CITIZENS GUIDE 2014

13 $60 $40 Personal Income per Person, N.Y. vs. U.S. fi gures in thousands New York State United States $20 $ ,500 3,000 2,500 2,000 1,500 1,000 Since 2009, personal income has grown faster in New York (15.1%) than in the nation as a whole (13.8%). Recipients of Public Assistance and Food Stamps Public Assistance Recipients Food Stamp Recipients 2,563 fi gures in thousands 2,901 3,049 3,124 3, A POCKET REFERENCE TO NEW YORK STATE S FINANCES 11

14 100% 75% Highway Condition Ratings in New York as a percentage of total lane miles Good to Excellent Poor to Fair 50% 25% % The State is responsible for maintaining more than 42,600 lane miles of highway. 12 THE CITIZENS GUIDE 2014

15 $70 $60 $50 $40 $30 $20 $10 $0 Medicaid Costs * fi gures in billions Federal State Local *Unreconciled paid claims from the Department of Health Since 2010, State and local Medicaid costs have increased by 4.8% and 9.8%, respectively. The federal government s costs for New York increased 9.4% over the same period. A POCKET REFERENCE TO NEW YORK STATE S FINANCES 13

16 State Revenues * with changes from previous year PERSONAL INCOME TAX $42.9 Billion (6.7%) BUSINESS TAXES $8.3 Billion (-2.4%) Corporation Franchise... $3.8 Billion (26.7%) Corporation and Utilities... $797 Million (-10.9%) Insurance... $1.4 Billion (-6.7%) Bank... $1.1 Billion (-42.1%) Petroleum Business... $1.2 Billion (0%) LOTTERY INCOME, VLT, CASINO $3.8 Billion (18.8%) BORROWED $2.7 Billion (-22.9%) CONSUMER TAXES $15.1 Billion (3.4%) Sales and Use... $12.6 Billion (5%) Cigarette/Tobacco Products... $1.4 Billion (-6.7%) Motor Fuel... $473 Million (-4.1%) Alcoholic Beverage... $250 Million (1.6%) Highway Use... $136 Million (-6.2%) Auto Rental... $114 Million (4.6%) MCTD Taxicab Trip... $85 Million (2.4%) OTHER TAXES $3.4 Billion (13.3%) Estate and Gift... $1.3 Billion (30%) Pari-Mutuel... $17 Million (0%) Real Estate Transfer... $911 Million (20.5%) MCTD Mobility... $1.2 Billion (0%) OTHER $17.7 Billion (-0.6%) Tuition... $2.1 Billion (-25%) Patient/Client Care... $2.6 Billion (8.3%) Abandoned Property... $544 Million (-24%) Assessments... $6.8 Billion (4.6%) Miscellaneous... $5.7 Billion (5.6%) *State Funds only 14 THE CITIZENS GUIDE 2014

17 State Spending * with changes from previous year EDUCATION $35.7 Billion (2%) Public Schools... $22.5 Billion (1.4%) School Tax Relief (STAR)... $3.4 Billion (3%) State University of New York... $7.2 Billion (1.4%) City University of New York... $1.5 Billion (7.1%) Tuition Assistance Program... $944 Million (5.7%) Higher Education Services Corporation... $106 Million (-9.4%) Cultural Programs... $26 Million (13%) PUBLIC HEALTH $25.2 Billion (-0.8%) Health and Mental Health Services... $7.6 Billion (-1.3%) Medical Assistance (Medicaid)... $17.6 Billion (-0.6%) PUBLIC WELFARE $3.9 Billion (0%) Public Welfare... $3.5 Billion (0%) Public Housing... $198 Million (-18.9%) Employment Services... $208 Million (-9.6%) PUBLIC SAFETY $4 Billion (-4.8%) Criminal Justice & Correctional Alternatives... $1 Billion (0%) Emergency Management & Security Services... $188 Million (-28.5%) Prisons/Reformatories... $2.8 Billion (-3.4%) TRANSPORTATION $6.8 Billion (3%) ENVIRONMENT/RECREATION $939 Million (4.4%) Environmental Protection... $627 Million (-2.3%) Parks, Recreation & Historic Preservation... $312 Million (21.4%) SUPPORT/REGULATE BUSINESS $1.2 Billion (9.1%) LOCAL GOVERNMENTS $1.1 Billion (12.6%) GENERAL GOVERNMENT $11.1 Billion (7.8%) REPAY DEBT $6.4 Billion (4.9%) *State Funds only A POCKET REFERENCE TO NEW YORK STATE S FINANCES 15

18 Federal Grants Received and Disbursed with changes from previous year RECEIVED $43.8 Billion (2.3%) DISBURSED $41.2 Billion (6.7%) EDUCATION $4.2 Billion (13.5%) Public Schools... $3.9 Billion (14.7%) State University of New York... $302 Million (3.8%) Higher Education Services Corporation... $5 Million (-16.7%) PUBLIC HEALTH $26.9 Billion (3.5%) Health and Mental Health Services... $1.9 Billion (5.6%) Medical Assistance (Medicaid)... $25 Billion (3.3%) PUBLIC WELFARE $5.5 Billion (5.8%) Public Welfare... $5 Billion (6.4%) Public Housing... $25 Million (-34.2%) Employment Services... $508 Million (0.4%) PUBLIC SAFETY $2 Billion (33.3%) Criminal Justice & Correctional Alternatives... $86 Million (-23.2%) Emergency Management & Security Services... $1.9 Billion (35.7%) TRANSPORTATION $1.8 Billion (20%) ENVIRONMENT/RECREATION $352 Million (7.6%) Environmental Protection... $343 Million (7.5%) Parks, Recreation & Historic Preservation... $9 Million (12.5%) SUPPORT/REGULATE BUSINESS $19 Million (0%) LOCAL GOVERNMENTS $78 Million (116.7%) GENERAL GOVERNMENT $364 Million (30%) 16 THE CITIZENS GUIDE 2014

19 Visit State Comptroller DiNapoli s website to: Read other State financial reports Report Government Fraud Search for Unclaimed Funds It s Your Money, Get it Back! Like us on Facebook facebook.com/nyscomptroller Follow us on Data compiled by the Office of the State Comptroller. This report, or any portion of it, may be reproduced without permission. For more information or reports, please contact us at: (518) or osc.state.ny.us.

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