How does NYC spend taxes?

The budget expresses all of our key policy decisions and priorities. It determines who we tax and how much, and where we choose to spend our money for programs and services in areas such as education, sanitation, public safety, libraries, social services, housing, and economic development.



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The outstanding debt total as of July 1, 2022 included $36.31 billion of net General Obligation (GO) debt, $29.83 billion of NYC Transitional Finance Authority (TFA) debt above its $13.5 billion authorized base, and $19.8 billion in contract and other liabilities, as shown in Table 1 on page 6.

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