New York City, NY

TIA Data

2019 New York City Combined Taxpayer Burden (Released 5/11/2021) 

2019 Financial State of New York City (Released 1/26/2021)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
New York City's Taxpayer Burden™ is -$68,200, and it received an "F" from TIA.
New York City is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
New York City only has $64.8 billion of assets available to pay bills totaling $259.2 billion.
Because New York City doesn't have enough money to pay its bills, it has a $194.4 billion financial hole. To erase this shortfall, each New York City taxpayer would have to send $68,200 to the city.
New York City's reported net position is understated by $10.6 billion, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 122 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 New York City Combined Taxpayer Burden

2018 Financial State of New York City

2017 New York City Combined Taxpayer Burden

2017 Financial State of New York City

2016 New York City Combined Taxpayer Burden

2016 Financial State of New York City

2015 Financial State of New York City

2014 Financial State of New York City

Other Resources

New York City Comprehensive Annual Financial Reports

Publishing Entity: Office of the New York City Comptroller

IN THE NEWS
US DOJ looking into conduct of Allianz fund managers

SEPTEMBER 10, 2021 | CNBC | by Editorial

Reuters story, includes “The DOJ and Allianz declined to comment on the nature of the investigation, which could lead to criminal charges. The [SEC] launched a probe into the demise of the funds last year, Allianz disclosed after the Arkansas Teacher Retirement System filed a lawsuit in July 2020 seeking $774 million in damages.”

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