Financially, 2019 has been New York's worst year so far. New York ranked last among the country's 75 most populous cities in Truth in Accounting’s Financial State of the Cities report with a Taxpayer Burden of $68,200. New York City had $64.8 billion available to pay $259.2 billion worth of bills, resulting in a $194.4 billion shortfall.

New York's Taxpayer Burden in 2019 was $9,200 more than the Taxpayer Burden recorded in 2014. The New York Taxpayer Burden increasingly worsened over the past six years.