Citizens Budget Commission

Five-Year Pocket Summary of New York City and New York State Finances, Fiscal Year 1996-97

  • TABLE I: City of New York Budget and Employment Data
  • TABLE II: City of New York Real Estate and Debt Data
  • TABLE III: State of New York Budget Data for the General Fund
  • TABLE IV: State of New York General Fund Disbursements for Grants to Local Governments and State Operations
  • TABLE V: State of New York State-Supported Debt Outstanding at Fiscal Year End
  • TABLE VI: New York City and New York State Economic Data


Table I
CITY OF NEW YORK BUDGET AND EMPLOYMENT DATA
(dollars in millions)
FY 1993 FY 1994 FY 1995 FY 1996 a FY 1997 b
REVENUES
Taxes $17,609 $18,139 $17,709 $18,115 $18,129
Real property 7,886 7,773 7,474 7,299 7,088
Sales and use 2,739 2,855 3,013 2,954 3,067
Personal income 3,491 3,592 3,642 3,871 4,018
Business 2,260 2,689 2,373 2,701 2,784
Other taxes 1,233 1,230 1,208 1,290 1,172
Federal categorical grants c 3,610 3,960 4,006 4,646 3,771
State categorical grants c 5,661 5,903 6,430 6,137 6,149
Unrestricted federal and State aid 707 667 603 655 523
Other revenues 2,529 2,684 2,843 2,985 4,116
Inter-fund revenues 213 238 233 240 293
Total $30,329 $31,590 $31,824 $32,778 $32,981
EXPENDITURES
Personal service $15,218 $15,658 $15,837 $16,116 $16,140
Other-than-personal service 7,505 7,628 7,546 7,960 8,131
Medicaid (includes HHC) 2,327 2,583 2,821 2,954 2,817
Public assistance 2,842 3,227 3,265 3,049 2,830
City debt service 2,103 2,136 2,320 2,567 2,735
MAC debt service 370 354 29 132 328
Total $30,365 $31,586 $31,818 $32,778 $32,981
Surplus/(Deficit) ($36) $4 $5 $- d $- d
Capital Budget Expenditures $3,617 $3,343 $3,675 $3,733 $4,868
FULL-TIME CITY EMPLOYEES (as of June 30)
Education 86,981 88,639 88,340 85,959 86,830
Police e 35,531 38,008 43,040 43,589 44,299
Uniformed 28,117 30,927 36,429 36,728 37,522
Civilian 7,414 7,081 6,611 6,861 6,777
Fire f 12,537 12,484 12,310 15,703 15,499
Social Services 28,810 22,966 21,218 21,239 14,527
Correction 13,538 12,715 12,078 12,366 12,381
Sanitation 10,860 10,351 9,477 9,454 8,799
Administration for Children's Services g 7,429
Environmental Protection 5,854 5,695 5,781 5,859 5,965
Transportation 7,811 7,128 6,413 6,418 3,652
CUNY Community Colleges 3,682 4,071 3,579 3,581 3,587
Housing Preservation & Development 3,606 3,346 3,109 2,983 2,971
Finance 2,001 1,870 2,315 2,569 2,509
Other 27,228 28,479 26,301 25,349 23,498
Total 238,439 235,752 233,961 235,069 231,946

a. Revenue and expense data are forecasted; employees data are actuals.
b. As planned, adjusted for comparability.
c. Gross basis.
d. To be determined by audit.
e. As of 1995, figures include employees previously in housing and transit police departments.
f. As of 1996, includes employees previously in Emergency Medical Service.
g. New agency formed in 1996; previously under DSS.



Table II
CITY OF NEW YORK
REAL ESTATE AND DEBT DATA
FY 1993 FY 1994 FY 1995 FY 1996 FY 1997
TAXABLE REAL PROPERTY
Actual Assessed Value ($ in millions) $81,715 $79,297 $76,807 $77,424 $75,668
Billable Assessed Value ($ in millions) $79,179 $78,178 $76,019 $75,852 $75,495
Class I (1-, 2- and 3-family homes) 8,619 8,521 8,702 8,872 8,977
Class II (other residential) 24,552 24,080 23,604 23,751 23,839
Class III (utility property) 4,312 6,310 6,129 6,140 6,371
Class IV (all other property) 41,695 39,267 37,584 37,089 36,309
Full Market Value ($ in millions) $322,926 $300,284 $293,009 $294,070 $294,379
Class I 137,937 126,787 127,179 128,231 129,215
Class II 70,226 66,511 63,731 63,836 63,668
Class III 13,926 14,038 13,642 13,676 14,191
Class IV 100,836 92,948 88,456 88,327 87,305
Nominal Tax Rate (per $100 assessed valuation)
Class I $10.888 $10.900 $10.694 $10.725 $10.785
Class II 9.910 10.369 10.552 10.807 11.056
Class III 12.794 7.404 7.702 7.922 7.840
Class IV 10.698 10.724 10.608 10.402 10.252
Effective Tax Rate (per $100 market valuation)
Class I $0.686 $0.740 $0.739 $0.749 $0.756
Class II 3.465 3.754 3.908 4.021 4.140
Class III 3.962 3.328 3.461 3.557 3.520
Class IV 4.423 4.530 4.507 4.368 4.264
Tax Levy ($ in millions) $8,392.5 $8,113.2 $7,889.8 $7,871.4 $7,835.0
Class I 946.9 938.1 940.1 959.9 977.4
Class II 2,433.4 2,497.0 2,490.9 2,567.0 2,635.8
Class III 551.8 467.2 472.1 486.4 499.5
Class IV 4,460.4 4,210.9 3,986.7 3,858.1 3,722.4
Class Shares
Class I 11.28% 11.56% 11.92% 12.19% 12.47%
Class II 29.00% 30.78% 31.57% 32.61% 33.64%
Class III 6.57% 5.76% 5.98% 6.18% 6.37%
Class IV 53.15% 51.90% 50.53% 49.01% 47.51%
Tax Exempt Property ($ in millions) $59,331 $59,534 $61,771 $61,326 $61,000
Tax Delinquency ($ in millions) $412.3 $403.4 $395.3 $297.3 $395.3
GROSS FUNDED DEBT OUSTANDING (end of year, $ in millions)
City $20,909 $22,903 $24,504 $26,626 $27,719
Municipal Assistance Corporation 5,304 4,891 4,694 4,503 4,234
Lease Purchase and City-Guaranteed 961 1,330 1,301 1,267 1,231
Water Finance Authority 5,038 5,410 5,650 6,553 7,652
Total $32,212 $34,534 $36,149 $38,949 $40,836
a Estimated.


Table III
STATE OF NEW YORK BUDGET DATA
FOR THE GENERAL FUND
(dollars in millions)
GAAP BASIS
FY 1993 FY 1994 FY 1995 FY 1996 FY 1997 a
REVENUES
Personal Income Tax $15,665 $16,512 $16,615 $17,330 $16,829
User Taxes and Fees 6,415 6,274 6,650 6,539 6,757
Business Taxes 5,586 5,853 5,102 4,807 4,817
Other Taxes 1,209 1,100 1,107 1,062 991
Miscellaneous Revenues 2,210 1,888 1,981 2,246 3,110
Proceeds from LGAC and Other
Financing Arrangements 1,127 785 533 205 260
Transfers from Other Funds 3,248 3,751 3,840 4,747 4,170
Total $35,460 $36,163 $35,827 $36,936 $36,934
EXPENDITURES
Grants to Local Governments $20,151 $21,513 $23,111 $22,757 $23,173
State Operations 7,642 8,012 8,264 7,853 7,988
Personal Service 5,795 5,958 6,280 6,039 5,751
Non-Personal Service 1,847 2,054 1,984 1,815 2,237
General State Charges 1,449 1,443 1,690 1,738 1,776
Other Fringe Benefits 1,338 1,383 1,534 1,479 1,472
Pension Contributions 110 60 156 259 304
Debt Service 95 27 14 15 20
Transfers to Other Funds 4,058 4,254 4,175 4,193 3,884
Total $33,395 $35,249 $37,253 $36,556 $36,841
Annual Surplus/(Deficit) c $2,065 $914 ($1,426) $380 $93
Accumulated Surplus/(Deficit) ($2,551) ($1,637) ($3,308) d ($2,928) ($2,835)
FULL-TIME EQUIVALENT EMPLOYEES (as of March 31)
State University of New York 37,793 38,379 38,616 37,101 35,418
Mental Health 27,954 26,167 25,063 22,404 20,977
Correctional Services 29,127 29,804 30,709 30,526 30,411
Mental Retardation 25,605 25,297 25,058 23,496 23,177
City University of New York 16,138 16,994 17,643 17,153 13,580
Judiciary 13,819 14,191 14,630 14,459 14,674
Transportation 11,814 12,345 12,496 11,600 11,350
Other 76,287 76,564 76,163 72,166 74,550
Total 238,537 239,741 240,378 228,905 224,137

a. First quarter update.
b. Includes $7 million in capital projects.
c. Reflects the classification of $881 million of LGAC borrowings as revenue in 1993, $575 million in 1994, #315 million in 1995, and $529 million in 1996.
d. Reflects restatement of 1994 accumulated deficit, which was increased by $245 million to $1,882 million.

Note: Expenditures differ from cash disbursements; therefore numbers for Grants to Local Governments and State Operations do not equal those in Table IV.



Table IV
STATE OF NEW YORK GENERAL FUND DISBURSEMENTS
FOR GRANTS TO LOCAL GOVERNMENTS AND STATE OPERATIONS
(dollars in millions)
CASH BASIS
FY 1993 FY 1994 FY 1995 FY 1996 FY 1997 a
GRANTS TO LOCAL GOVERNMENTS b
Elementary and Secondary Education $8,568 $8,611 $9,061 $8,869 $9,424
Higher Education 1,878 1,814 1,833 1,906 1,846
Medical Assistance 4,698 5,283 5,787 5,338 5,291
Other Social Services 2,886 3,174 3,342 3,167 3,174
Unrestricted Aid 655 654 698 691 752
Other 2,378 2,473 2,581 2,566 2,647
Total $21,063 $22,009 $23,302 $22,537 $23,134
STATE OPERATIONS
Correctional Services $1,191 $1,313 $1,409 $1,446 $1,453
Education 69 69 70 59 56
Health 136 148 142 108 98
Judiciary 768 813 886 893 894
Legislature 166 178 178 167 177
Mental Health 650 583 575 505 386
Mental Retardation 116 117 64 78 119
Social Services 118 103 110 98 88
State Police 192 210 220 210 226
State University of New York 818 871 875 728 680
Taxation and Finance 254 261 281 273 269
Transportation 300 304 284 240 197
Youth 120 131 142 143 142
All Others 965 1,003 1,072 1,005 1,033
Total $5,863 $6,104 $6,308 $5,952 $5,818
a Adopted. b Adjusted for use of LGAC proceeds.

Table V
STATE OF NEW YORK
STATE-SUPPORTED DEBT OUTSTANDING AT FISCAL YEAR END
(dollars in millions)
CASH BASIS
FY 1993 FY 1994 FY 1995 FY 1996 FY 1997 a
General Obligation Bonds & Notes $5,426 $5,370 $5,181 $5,048 $5,033
Certificates of Participation 592 532 499 437 462
Local Government Assistance Corp. 3,662 4,462 4,752 5,276 5,191
Lease/Purchase & Other Arrangements 14,083 16,073 17,481 19,906 21,371
Total $23,763 $26,437 $27,913 $30,667 $32,057
a Projected.


Table VI
NEW YORK CITY AND NEW YORK STATE ECONOMIC DATA
1993 1994 1995 1996 a 1997 a
Personal Income ($ in billions)
New York City $198.4 $206.2 $217.4 a $228.4 $237.9
New York State $451.6 $469.7 $495.8 a $520.7 $542.7
United States $5,479.2 $5,750.3 $6,101.7 a $6,383.9 $6,681.8
Wage Rate
New York City $40,307 $40,861 $43,383 $45,942 $47,590
Percent Change 1.3% 1.4% 6.2% 5.9% 3.6%
New York State $33,431 $34,313 $35,357 $36,883 $38,232
Percent Change 3.7% 2.6% 3.0% 4.3% 3.7%
United States $27,875 $28,912 $29,328 $30,244 $31,364
Percent Change 1.8% 3.7% 1.4% 3.1% 3.7%
Retail Sales ($ in billions)
New York City $37.9 $38.9 $40.8 $41.5 $43.0
New York State $126.8 $133.6 $136.7 $143.2 $146.8
Consumer Price Index (1982-84=100)
New York 154.5 158.2 162.2 166.9 171.4
Percent Change 3.0% 2.4% 2.5% 2.9% 2.7%
United States 144.6 148.3 152.5 156.7 161.0
Percent Change 3.0% 2.6% 2.8% 2.8% 2.7%
Non-Agricultural Employment (thousands) b
New York City 3,283 3,305 3,318 3,334 3,358
Change from Prior Year 2 22 13 16 24
New York State 7,752 7,819 7,864 7,932 7,982
Change from Prior Year 22 67 45 68 51
United States 110,726 114,028 116,604 118,200 119,300
Change from Prior Year 2,129 3,302 2,576 1,596 1,100
Persons Receiving Public Assistance (thousands) b
New York City 1,123 1,141 c 1,110 c 1,020 915
New York State 1,652 1,651 c 1,579 c 1,458 NA

a. Estimated or forecast.
b. Annual average.
c. Preliminary.
d. NA -- Not Available

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