$21.2 billion
New York City sends $21.2 billion more to Albany than it gets back every year. Here's what that could fund instead.
That's equivalent to
3.6
NYPD annual operating budgets
$5.8B each
FY2025 adopted operating budget of $5.83B. The annual drain to Albany could fund the entire NYPD 3.6 times over.
whopaystaxes.nyc
That's equivalent to
0.3
years of NYCHA's capital repair backlog
$78.6B each
20-year capital needs estimate of $78.6B. A single year of the drain covers 27% of NYCHA's entire repair backlog.
whopaystaxes.nyc
That's equivalent to
12.7
fully funded universal pre-K programs
$1.7B each
Combined 3-K for All + Pre-K for All spending of $1.67B (FY2024, excluding special ed pre-K).
whopaystaxes.nyc
That's equivalent to
1.5
MTA capital plans
$13.7B each
$68.4B five-year plan annualized to $13.68B/yr. The drain could fund 1.5 years of MTA capital investment annually.
whopaystaxes.nyc
The drain is just the start. NYC's property tax system is broken in ways you can see for yourself.
The Lottery
Can you guess which property pays more? Spoiler: the system makes no sense.
Your Taxes
Look up your own property and see what you're actually paying.
The Index
The 200 most undertaxed luxury condo buildings in NYC.
Design your own NYC budget