New York

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states.

 
New York owes more than it owns.
New York has a -$8,400 Taxpayer Burden.™
New York is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
New York only has $230 billion of assets available to pay bills totaling $289.1 billion.
Because New York doesn't have enough money to pay its bills, it has a -$59.1 billion financial hole. To fill it, each New York taxpayer would have to send -$8,400 to the state.
New York's reported net position is overstated by $1.4 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 154 days after its fiscal year end, which is considered timely according to the 180 day standard.

IN THE NEWS
Financial State of the States 2025

SEPTEMBER 25, 2025

Our sixteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states. 

VIEW LESS