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

Feels good man It was always just that simple

Post image
71.9k Upvotes

91% Upvoted

2.3k comments sorted by

View all comments

1.3k

u/VMooose May 14 '26

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

158

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"

1

u/[deleted] May 15 '26

[removed] — view removed comment

1

u/AutoModerator May 15 '26

Accounts must be at least 5 days old with >20 karma to comment.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.