Budget Explorer · City of New York

Where the money comes from, and where it goes

Comparable revenue, spending, and debt for City of New York, on the same Census classification used for every city, county, and state in the Library — so the figures line up with peers rather than with the government's own budget book. Latest year: FY ending Jun 30, 2024. City of New York's own FY2027 budget, in its own structure, follows below.

Audited actuals · Census classification · 8.34M residents

At a glance

Total revenue

$127.9B

$15,337 per resident

Total spending

$154.1B

$18,485 per resident

Spending per resident

$18,485

96th percentile of 71

Debt outstanding

$137.3B

$16,465 per resident · 95th percentile of 70

Own-source share

74%

27th percentile of 71

Capital share

11%

23rd percentile of 71

Where the money comes from

$127.9B total

Own-source revenue (taxes, charges, interest) versus aid from other governments. Utility and trust revenue are shown alongside general revenue but run on their own books.

Property tax$33.0B26%
General sales tax$9.96B8%
Selective sales taxes$2.32B2%
Income taxes$25.3B20%
License & other taxes$2.60B2%
Federal aid$11.4B9%
State & local aid$20.2B16%
Charges & fees$12.0B9%
Interest, fines, other$5.89B5%
Utility revenue$5.14B4%

Own-source share of general revenue 74% · federal aid 9% · property tax is 45% of taxes

Where it goes

$154.1B total

Current operations plus capital outlay, grouped by Census function. Interest on debt and transfers to other governments are broken out so they are not hidden inside services.

Education$40.8B26%
General government$26.8B17%
Transportation$16.8B11%
Environment & housing$14.6B9%
Health & hospitals$13.2B9%
Public safety$11.2B7%
Public welfare$10.7B7%
Interest on debt$8.91B6%
Transfers to other governments$7.93B5%
Culture & recreation$2.23B1%
Utilities (water, power, gas)$990M1%

Show top functions with operating vs. capital ▸

Function	Category	Operating	Capital	Total
K-12 education	Education	$35.0B	$4.22B	$39.2B
Transit	Transportation	$10.9B	$4.69B	$15.6B
General (unallocable)	General government	$14.2B	—	$14.2B
Hospitals	Health & hospitals	$10.3B	$504M	$10.8B
Public welfare	Public welfare	$10.5B	$133M	$10.7B
Financial administration	General government	$9.81B	—	$9.81B
Housing & community development	Environment & housing	$6.65B	$2.50B	$9.15B
Police protection	Public safety	$6.43B	$171M	$6.60B
Sewerage	Environment & housing	$616M	$2.60B	$3.22B
Fire protection	Public safety	$2.71B	$117M	$2.83B
Health	Health & hospitals	$2.34B	$72M	$2.42B
Solid waste management	Environment & housing	$1.96B	$230M	$2.19B
Parks & recreation	Culture & recreation	$805M	$794M	$1.60B
Judicial & legal	General government	$1.55B	—	$1.55B

Trend · 3 fiscal years

Nominal dollars. The Census Bureau cautions that single-government series are edited only for aggregates — read direction, not decimals.

Revenue

+2% over 2 yrs

$124.9B → $127.9B

Spending

+9% over 2 yrs

$141.4B → $154.1B

Debt outstanding

+8% over 2 yrs

$127.2B → $137.3B

How it compares · 71 cities and counties in the Library

Percentile within the cohort on each place's latest Census year. Higher is not better — the last column says what a high reading means so you can decide whether it matters here.

Measure	City of New York	Cohort median	Percentile	Higher means
Spending per resident	$18,485	$3,741	96th	more spent per resident
Revenue per resident	$15,337	$3,548	96th	more raised per resident
Taxes per resident	$8,779	$1,328	98th	heavier own-tax load
Debt per resident	$16,465	$3,865	95th	more borrowed per resident
Own-source share of revenue	74%	81%	27th	less dependent on aid
Federal aid share of revenue	9%	7%	74th	more exposed to federal cuts
Capital share of spending	11%	18%	23rd	more building, less operating
Interest share of spending	6%	4%	77th	more spend servicing debt
Debt ÷ annual revenue	1.07×	1.05×	54th	more leveraged

About this data

Census classification categories, not this government's own budget structure. Figures are audited actuals for the fiscal year shown, not the adopted budget.
The Census Bureau edits unit-level data only to produce state and national aggregates and advises against reading it as a precise time series for any single government; treat year-over-year moves under ~5% as noise.
Employee-retirement-system revenue is excluded (published separately by Census). Utility and insurance-trust revenue are shown separately from general revenue.
Source: U.S. Census Bureau, Annual Survey of State and Local Government Finances (Individual Unit public-use files), unit 362061194805 (New York City). Retrieved 2026-09-07. Classification manual.

Spot an error, or know a better source for this place's adopted budget? Suggest an edit on the assessment.

Adopted budget · FY2027

City of New York's own budget, in its own structure, from its open-data portal. This is the current year — more recent than the Census series above, but only comparable to this city's own history. Totals cover 140 departments.

$117.8B total

Department of Education$35.0B30%
Miscellaneous$15.5B13%
Department of Social Services$12.0B10%
Pension Contributions$10.5B9%
Police Department$6.28B5%
Debt Service$4.87B4%
Department of Homeless Services$3.55B3%
Admin for Children's Services$3.14B3%
Fire Department$2.62B2%
Department of Health and Mental Hygiene$2.44B2%
Department of Sanitation$1.99B2%
Department of Citywide Admin Service$1.77B2%
All other (128)$18.1B15%

Expense budget only — the capital budget is a separate dataset and is not included in these totals.
Categories are the city's personal-services / other-than-personal-services split, the only expense classification in this dataset.
New York republishes the whole budget at each publication milestone; only the latest publication is counted here, or the total would be multiplied by the number of publications.
Source: Expense Budget Funding - All Source (socrata open data), retrieved 2026-09-07. Re-run this query.

Looking for how this fits City of New York's capacity to deliver? The fiscal dimension, binding constraint, and pathways live in the City of New York capacity assessment.