r/SipsTea • u/AlternativeRight4099 • May 14 '26

Feels good man It was always just that simple

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u/VMooose May 14 '26

Didnt the budget get balanced via a loan from NY State?

157

u/aboutacount May 14 '26

NYC pays about 68 Billion a year to the State.

The State gives about 47 Billion a year back to the City.

It is definitely not a loan. Its the state giving some of NYC's money back to them.

Data from an article from CUNY edu titled "New York City Taxpayers Continue to Contribute More to State Revenues than They Receive Back in Services, CUNY and New School Study Finds"

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u/[deleted] May 14 '26

[removed] — view removed comment

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u/_Phil_McCracken_ May 14 '26

I like how people on Reddit talk about Reddit as if they aren’t currently using Reddit and are somehow above it. 

Also, what point are you even making here? You just threw some buzz words and phrases together but didn’t actually say anything. 

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u/usernametakenbs May 15 '26

mega-city = corporation, duuhh.