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Publication Date: May 2004
Publisher: Center for Governmental Research Inc.
Author(s): Kent Gardner
Research Area: Banking and finance
Keywords: Public Finance
Type: Report
Coverage: New York
Abstract:
CGR analyzed information from various sources, including four years of the General Ledger of the State of New York , to trace the revenue and expenditures of New York’s budget by region. Contrary to the beliefs of many upstate residents, CGR’s study confirmed the conclusion of an earlier CGR analysis, that the City of New York is a large net contributor to the state, as are the NYC suburbs. Upstate New York, on the contrary, is a net recipient of funds. This study covered State Fiscal Years 98-01.