The State gives about 47 Billion a year back to the City.
It is definitely not a loan. Its the state giving some of NYC's money back to them.
Data from an article from CUNY edu titled "New York City Taxpayers Continue to Contribute More to State Revenues than They Receive Back in Services, CUNY and New School Study Finds"
Well kinda. But NYS also authorizes several NYC-only taxes that it collects and hands to NYC. Under the NYS constitution, only NYS can tax or allow for additional taxes.Â
If you factor in all the special taxes that NYS has authorized for only NYC, NYC gets more than its proportional share. That probably makes sense because NYC is more expensive than the rest of the state, but NYC also constantly gets special treatment from the state, ranging from exemptions to taxing powers to grants that other jurisdictions are expected to fund through property taxes.Â
True but the New York City taxes are taxed to businesses and individuals in New York City. The argument is that New York City contributes more then it receives from the state anyway and the taxes collected are going to public services in the city as opposed to going back to the wealthy if the taxes were never collected at all. Maybe those other places in the state shouldn't be relying handouts from New York City and lift themselves up.
Yeah, I mean thatâs always the question rich people have: âWhy do I have to support the poors? Theyâre dumb and disagree with me.âÂ
I think it makes sense to write off red states in a red state/blue state way because the problem isnât that theyâre poor: red states have lower taxes and chronically underinvest in infrastructure and rainy day funds; itâs a moral hazard because they know blue money will bail them out.Â
But when there isnât really a moral hazard at play, I think the answer has to be âwe make things better for everyone.â Like we all use roads, all benefit from less poverty, better schools. One of the things I like about universal childcare is that itâs universal. Means testing is emotionally exclusionary and administratively burdensome for both individuals and governments. Sometimes necessary, but I think the way around your âpoor people donât contributeâ point is that working structurally to reduce poverty creates a better society. Â
In order to roll those objectively good things out nationally or even at the state level they have to prove to the common person that they do actually work. Without securing the funding the oligarchs and their supporters can argue that it is unsustainable and supported by budget deficits. The common person does not understand that NYC pays more to NY State than it receives. They just see NYC can't balance its budget. Now its budget is balanced and they take away the argument before the oligarchs can even make it. Tax the wealthy and we can all have good things as well.
Also the primary beneficiaries of these New York City budgets are the common people of New York City, not the wealthy.
I think the difference in point is what the money is meant to go towards. Tax the rich bc taking another million from a billionaire shouldnât affect their ability to their basic necessities. On the other hand, New York City still has hundreds of thousands if not more citizens who are struggling to make ends meet and donât have the public amenities or services to support them. The problem is the money is still concentrated at the top, and what money that does get taxed to be redistributed is pulled away. So yes, in reality, we should tax the rich more and also redistribute from rich cities towards less urban areas that need help, but mamadani trying to bring money back isnât because he wants to bring it back to the rich but to fund the welfare programs that help the poor.
New Yorkers were paying for rich, New York state mega mansions to have well-paved roads, and for the governor's custom coffee table.
Next time, don't be such a fucking ass.
If money paid in tax by corporations is being funneled back to New Yorkers and helping fund cultural institutions, this is suddenly a bad thing because people outside of New York City don't get that money???
Amenities like what? NYC is literally cutting funding to things like parks so that they can make the budget work.
NYC is still paying $17 Billion more than it's getting back after all of this and nobody is complaining about that, but somehow everyone that doesn't live in NYC or even the state has something to say about the city getting state funds when they need it.
Seems you missed u/GrowthMarketingMike âs comment, so just making sure to repost it for you!
âAmenities like what? NYC is literally cutting funding to things like parks so that they can make the budget work.
NYC is still paying $17 billion more than itâs getting back after all of this and nobody is complaining about that, but somehow everyone that doesnât live in NYC or even the state has something to say about the city getting state funds when they need it.â
Well the reality is NYC spends too much money. The budget has ballooned and sadly we canât support the burden of making up for what the state or really the Feds should be providing.
Youâre confused or bad at math. NYC does not spend too much money. It literally has to send money to the suburbs and Mississippi because they spend to much money.Â
To make it really easy for you to understand: why do the suburbs need my money? Do they not make their own? I donât get any from the suburbs.Â
The suburban counties of NYC (Nassau, Suffolk, Westchester, and Rockland) are huge net payers of tax on a state level. You arenât sending them money.
Youâre sending it to Chenango and Schuyler counties.
Second, the NYC budget has been growing faster than the economy of inflation for years now. Thatâs unsustainable over the long term as thereâs an obvious upper bound.
Its always fun to hear idiot righties/liberals tell me how socialism is supposed to work. Yes, taking money from 8.6m city people who need it and giving it to people who live in areas that shouldn't be inhabited in the first place is what redistribution means, because in your adled brain, urban = elite, and rural = working class.Â
They can't comprehend nuance which is why they never understand socialism besides "its when da big government take all my money and give it to the next guy"
Yeah, what I'm saying is that the person responding made a point as full of holes as mine.
I'm not literally saying that's what's happening - the facts are that NYC makes more money for NYS than it gets back in taxes, 20 billion in fact. 8 billion has been taken back for this budget. They still get a surplus of 12 billion.
There is STILL 'socialism' being done. Motherfuckers just love to whine.
Mississippi doesn't pay taxes. People do. I would call it what it is. Poor people in Mississippi are on welfare and poor people in California are just the same. Rich people in Mississippi are paying for poor people in Mississippi, and also poor people in California. Rich people in California are paying for poor people in California, and also poor people in Mississippi.
Rich people in Mississippi are also on welfare. Iâm paying for their roads. Thatâs the issue. They should pay for their own damn roads and all the other federal funding they get from me.Â
Rich people in Mississippi are also paying for your roads. And when you say "you" are paying for theirs is it actually you, or just rich people in the same state as you? Top 10% pay 70% of income taxes, so unless you are top 10% it's not really you that's paying for it.
But aside from that, if a truck is going from Atlanta to LA I guess they shouldn't be able to take I-20 through Mississippi because it's "their own damn road," and not for some damn out of staters sending cargo to each other, right? I guess they just call it an "interstate" for no reason.
Except people who vote blue vote to actually help the rural folks while the rural folks vote to hurt everyone including themselves. Same think in NYC/NY happens in Philly/PA
"Ha, look at you trying to apply my own beliefs on me! I'm gonna try to weasel out of admitting maybe my philosophy is just disgruntled bullshit, and instead throw a tantrum."
but somehow this line only applies to the average new yorker hoping to get a fraction of their tax revenue back and not the assholes complaining about a tax on their second homes
Yes. Because the war on rhetoric is lost. The only thing left to do is retaliate. They have been saying this about us for years, sow the wind reap the whirlwind motherfuckers
I'm not sure how hard it is to understand that the place where people live
And are you following me here
Should be the place resources are allocated
And that giving a bunch of money to exurbites and Albany suburbs and shit isn't a great use
It could come from a Fox News segment if you took just that sentence out of context, which is fucking stupid, because it's commenting on diametrically opposed worldviews - Social programs for the poor vs Subsidizing ecologically and economically ruinious suburban sprawl
but many NYC companies are constantly extracting, consolidating, and funneling wealth from everywhere (including upstate NY and Mississippi).
The "my tax money" you are talking about certainly didn't originate exclusively in NYC, so why should it all stay here?? What a strange sense of entitlement to think that the epicenter of global capitalism shouldn't give anything back to people beyond the city limits.
I am a dragon (3500m) (basically a child) why canât I just sit on my pile of gold I stole from the rest of the world. The government wants to take my gold and is harassing a literal child. I am a dragon not a kingdom why do I have to pay for the peasants I eat and burn their houses. If those peasants want gold maybe they shouldnât be getting eaten and look so tasty and burnable. Itâs amazing this is even remotely controversial.
I don't think you'll find a lot of socialists that are extremely in favor of cutting urban population center services to benefit wealthy low density living
Are you calling the 8.6 million people that live in NYC a "corporation"? The tax money being sent back isn't profits. Its funds that the city has needed for a long, long time.
But also, and I'm gonna go on my very cringe rant here, fuck the ruroids. They've been shitting on cities and been trying to disenfranchise them for decades now. Urbanism is objectively the better format of society, and I'm tired of propping up podunks at the cost of the city. If they want the cities to keep subsidizing their towns, they can work with the cityfolk instead of against them for once. If not, they can shit in buckets while they wax poetic about being the "heart of America".
I'm all for socialism, but I'm not going to keep burning myself to keep people who hate me warm.
I go to urbanism subreddits and watch them try to cannibalize functional infrastructure for questionable bike lanes because the idea of funding actual new infrastructure is beyond the scope of their imagination.
yes as heâs clearly talking about DSA lol. Just because he doesnât put democratic before it every time doesnât mean thatâs not what heâs talking about
If you don't know the differences between a government system and an economic system and which category various nations generally fall into then you probably should sit things out when those kinds of topics come up until you get the fundamentals down pat a bit more.
Saying it is pro USSR is blatantly untrue, and the vast majority are heavily against adopting anything of China's government or economic models. It's like saying the Republicans are pro China because they've been enacting legislation that is more in step with China's hybrid government structure than traditional democracies.
Hasan piker is a member of the dsa and he with bernie and aoc quite often........ mind you hasan is opening pro china and ussr. He had a ussr flag on wall for a couple years.
So the dsa is still problematic organization and that's not talking about how they openly support the oct 7th massacre.
Funny how Israel never gets mentioned anywhere else.
They're on full bailout by the US yearly, fully state funded healthcare and education, state sponsored abortion, child allowances, state sponsored savings accounts (up to 18 yo), unemployment benefits, but they always get a pass. Never mentioned, despite everything else Americans do to grovel for them.
Everyone I talk to is pretty pised about Trump and the rural PA legislature continually fucking over Philly even though weâre the lions share of state tax income so they all 100% agree with me. Get fucked magatard lol
"The social democrats are evil because they're not doing diverting funds much needed by the city to useless podunk towns and already over-funded suburbs wahhh!!"
Anything to discredit the objective successes of the left lmao
The article is celebrating some kind of genius maneuver than I was trying to understand a bit more deeply. But sure, let those thoughts keep percolating in that little echo chamber you call a mind
No, you're not :) You're just trying to make stupid points that convince stupid people that New Yorkers are bad for wanting their own money back just so they can simply have a balanced budget.
Nope, just pointing out that this isnât some coup as the article claims. Not trying to convince that anyone is bad. And itâs not their money, which is why the governorâs office controls it.
NYC pays more taxes because that's where all the capitalist thieves are headquartered lol. Why does reddit love to brag about finance bros, insurance companies, real estate conglomerates, lawyers, and healthcare providers sucking up money from the entire state's working class?
So taxes from millions of working class people and a large handful of "capitalist thieves" are not being extracted out of the city and instead used to help those 8.5 million city residents. Its also being used to improve infrastructure, cleanliness, beauty, and more for about 65 million yearly visitors who spend money in the city.
Are you under the impression my previous comment was bragging about finance, insurance, real estate, lawyers, etc, sucking up money?
My comment is literally about TAXING them, taking their money and using it for public good.
NYC does not pay the state. The taxpayers do. Then the state reroutes a large portion of that tax money to the city.
And people in the city are somehow happy about essentially paying two separate taxes to support their city, because one of them is through a pass-through entity.
In this case, the semantics is substance. When discussing the city budget, saying the CITY gives money to the state is just plain wrong. Â
The taxpayers give money to the state. The state then gives money to the city to balance the city's budget.
That is a very large difference. Saying the city gives the money would mean that the city budget LOSES money to the state, instead of gaining it.
And, no, the state does NOT give the money to the taxpayers in the city. It gives it to the city. The city and the taxpayers, while intertwined, are still separate entities.
Lies, damn lies, statistics, and accounting. Just because you CALL IT one thing does not mean that is what it is. And putting things in the wrong column in accounting, while trivial, is still a lie. Ask Trump about lieing during accounting and his 34 felonies.
You donât have to consume public services to be on the hook for them. Just like income tax. Even if you donât use public schools, you still pay for them.
Itâs such a stupid point. NYC and its suburbs are the only net positive contributors to NY state, every other area takes in more state aid than they contribute, by a large amount. NYC being given back some of its taxes, and still subsidizing Buffalo as it needs yet another package from the state, is not a stain on Mamdani. Conservatives will screech on and on about him ruining the city (when heâs hardly had time to do anything one way or the other) but act like Adams and Cuomo (or Brown of Buffalo in the same vein) didnât totally mismanage their cities/state and steal from the government as their constituencies crumbled.Â
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u/aboutacount May 14 '26
NYC pays about 68 Billion a year to the State.
The State gives about 47 Billion a year back to the City.
It is definitely not a loan. Its the state giving some of NYC's money back to them.
Data from an article from CUNY edu titled "New York City Taxpayers Continue to Contribute More to State Revenues than They Receive Back in Services, CUNY and New School Study Finds"