New York City — Financial Data

0.9% Fund Balance FY 2025

3.8% Debt Service FY 2025

Data comparability note: Consolidated city-county-school district. NYC's General Fund includes K-12 education (DOE, ~$34B), courts, district attorneys, and public welfare — functions handled at the county or school district level in other cities. This makes per-capita spending roughly 2-3x higher than otherwise comparable cities. Fund Balance % reflects only the Committed General Fund (Revenue Stabilization Fund, ~$2B); NYC's larger reserves are classified as Restricted and are not included.

Financial Trends

Curated financial dashboard (2016–2025)

Fiscal Health

Available Fund Balance

$1,969,333,000 (2025)

2020 2025

Debt Service

$8,080,015,000 (2025)

2016 2025

Fund Balance %

0.9% (2025)

2020 2025

Debt Service %

3.8% (2025)

2016 2025

Top Revenue Sources

Non Property Tax Items

$45,558,560,000 (2025)

2016 2025

Real Property Tax Items

$34,756,900,000 (2025)

2016 2025

State Aid

$20,074,712,000 (2025)

2016 2025

Federal Aid

$9,076,417,000 (2025)

2016 2025

Departmental Income

$3,501,088,000 (2025)

2016 2025

Top Expenditures

Education

$70,602,475,000 (2025)

2016 2025

Social Services

$41,284,120,000 (2025)

2016 2025

Employee Benefits

$28,519,881,000 (2025)

2016 2025

Public Safety

$24,763,233,000 (2025)

2016 2025

General Government

$11,145,170,000 (2025)

2016 2025

Financial Documents (10)

Year	Title	Type
2025	New York City ACFR 2025	NYC_ACFR
2024	New York City ACFR 2024	NYC_ACFR
2023	New York City ACFR 2023	NYC_ACFR
2022	New York City ACFR 2022	NYC_ACFR
2021	New York City ACFR 2021	NYC_ACFR

View all 10 documents →

Governance & Structure

Governance Structure

Structure: Strong mayor
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: Strong Mayor form; Big Five city; largest city in US

School Details

Not applicable for this entity type.