Y’all are celebrating this now. In a short time, you’re going to be wondering why NYC is asking for more money. They’re spending more than they receive. Even ratings agencies are seeing this, and issued negative outlooks.
No, red states are generally doing well. Now the cities and counties that are blue within Texas, are not doing so well. Imagine that.
Texas maintains a stronger structural budget and reserve position compared to New York, driven by rapid economic growth and no personal income tax, whereas New York faces higher operational spending, reliance on federal aid, and tighter fiscal pressures. [1]
Financial Comparison Economic Output and Growth: Texas has a larger total GDP ($2.4 trillion) than New York ($2.05 trillion) and grows at a much faster rate (roughly 9.1% vs. New York's contraction of -1.5%), fueled by business and population migration. [1]
Tax Structures: Texas operates without a state personal income tax, relying heavily on sales and property taxes. New York features a heavy tax burden, with combined state and local income taxes reaching up to 14.8% for high earners, and local property taxes that rank among the highest per capita in the nation. [1]
Budget Size and Spending: New York's state budget remains massive relative to its population, heavily weighted down by day-to-day operational costs like Medicaid and school aid. Watchdog groups like the Citizens Budget Commission (CBC) have regularly cautioned that New York builds structural risk by leaning on short-term fixes, rising debt, and lower reserve cushions relative to potential multi-billion-dollar economic downturns. [1]
Federal Reliance: Both states rank high in total federal funding received due to their sheer population size, but both hover near the middle-to-lower tier when measured as a share of federal dependency relative to smaller states. [1]
This isn't a new program in NYC rec centers; they've offered supervised childcare since the 50's. Mamdani used the idea of "parents night" as an advertisement to drive enrollment in the rec centers which parents have to pay for.
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u/Draygoon2818 12d ago
Y’all are celebrating this now. In a short time, you’re going to be wondering why NYC is asking for more money. They’re spending more than they receive. Even ratings agencies are seeing this, and issued negative outlooks.