Reports
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reports
Local Sales Tax Collections Total $5.8 Billion, Up 3.2% in First Quarter
Local government sales tax collections totaled $5.8 billion in the first quarter (January-March) of 2025, an increase of 3.2% ($180 million) compared to the same quarter last year. Each of the 10 regions in the state, including New York City, had a year-over-year increase in collections. This marked the second straight year that first quarter growth was below the pre-pandemic average of 3.5%.| Regional Table [xlsx]
Federal Funding and New York
The budget resolutions currently under consideration by the 119th Congress could lead to a dramatic restructuring of the federal-state relationship. This online resource focuses on federal funding and how it supports services in the State of New York.
Federal Funding and New York
The Cost of Living in New York City: Food
Food prices in the New York City metropolitan area have risen 25.2% since 2019 and low-income households are paying substantially more toward food than before the pandemic. While food costs are affected by many factors, recent increases have been fueled by supply chain disruptions created by disruptive public health, severe weather and geopolitical events, which may continue in the near term.
Federal Funds to New York City: A Review of Categorical Grants
New York City’s proposed Fiscal Year (FY) 2026 operating budget relies on $7.4 billion in federal government funding, accounting for 6.4% of total spending. Recent federal government actions to cut grant programs could jeopardize at least $535 million of federal aid in FY 2025 and FY 2026, but nearly all federal operating aid that flows to the City could be subject to cuts or elimination.
New York’s Balance of Payments in the Federal Budget – Federal Fiscal Year 2023, April 2025
For the fourth year in a row, federal pandemic relief funds resulted in New York having a positive balance of payments with Washington. For every tax dollar New York paid to Washington in Federal Fiscal Year 2023, the State received $1.06 in return; the national average was $1.32. New York’s balance of payments was $912 per capita, ranking New York 42nd among states. This report is the ninth in a series by the Office of the State Comptroller that examines the flow of funds between the federal government and the states.
Federal Fisc: Social Banner
New York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2023
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Federal Fiscal Year 2023 Interactive Map
Federal Income Tax Provisions Under The Tax Cuts and Jobs Act
The Federal Tax Cuts and Jobs Act (TCJA) included over 100 provisions amending the federal taxation of individuals and businesses beginning in tax year 2018. Should the provisions of the TCJA sunset with no additional changes made to the federal tax code, there would be little impact on New York State tax collections due to the decoupling that occurred in State Fiscal Year 2018-19. Whatever the outcome relating to the extension of the TCJA as well the inclusion of any new proposals, New York taxpayers will be impacted.