Collected and spent
In fiscal year 2024, New York City spent $130.7B.
Spent
$130.7B
Fiscal year 2024 · all governmental funds
Federal and state aid and other income paid for the rest of the spending.
Where the money comes from
Three taxes.
Personal income tax
$16.0B
On the income of city residents · 3.876% · Set by the State Legislature, in state law
A rounded figure from the city's budget summary, not an audited line.
Sales and use tax
$8.4B
On most retail purchases in the city · 4.5% · Set by the State Legislature, in state law
A rounded figure from the city's budget summary, not an audited line.
Real estate tax
On the assessed value of homes, apartments and business property · Set by the City Council, which votes the amount each June
Source · Office of the New York City Comptroller, City of New York FY2024 ACFR and the NYC OMB FY2024 Adopted Budget Revenue Summary. Read on June 12, 2026.
Rate by area
New York City sets one rate for areas inside it. Each applies only to addresses in that area.
Bronx, Kings, New York, Queens and Richmond
$20.085 per $100 of value
Property tax
Source · NYC Department of Finance, NYC Department of Finance — FY 2024-25 Class 1 Property Tax Rate. Read on May 24, 2026.
Details
NYC Department of Finance — FY 2024-25 Class 1 Property Tax Rate (20.085% of 6% assessed value; Class 1 = 1-3 unit residential; Wayback-cited because live nyc.gov URL 403s healthcheck)Where it goes
16 service lines.
Schools
$36.2B
The city's public schools, run by the Department of Education
Health and human services · Social services
$19.9B
Public safety
$13.0B
Debt service · past obligation
$10.3B
Pensions and retiree benefits · past obligation
$9.2B
Other · Fringe benefits and other benefit payments
$7.8B
Housing, judgments and claims, and employee benefits
General government
$6.3B
Council, Mayor's office, agencies and administration
Health and human services · Health
$5.7B
Show all 16 linesShow fewer lines
Public works · Environmental protection
$5.6B
Other · Housing
$4.7B
Housing, judgments and claims, and employee benefits
Public works · Transportation services
$4.4B
General government · Administrative and other, plus Rental payments, combined
$2.7B
Council, Mayor's office, agencies and administration
Parks and recreation
$1.5B
Other · Judgments and claims
$1.5B
Housing, judgments and claims, and employee benefits
Higher education
$1.1B
Library
$0.6B
Bars in both tables share one scale. Hatched lines pay for past obligations, not current services.
Source · City of New York FY2024 Annual Comprehensive Financial Report. Read on June 4, 2026.
Details
City of New York FY2024 Annual Comprehensive Financial Report — audited Exhibit IV Governmental Funds Statement Total Governmental Funds column (ACFR p. 47-48). City-layer fixture: per-department expenditure shares from the same ACFR as the county layer (36061); revenue denominators (city 4.5% sales tax ≈$8.4B; other city taxes ≈$780/resident) from NYC OMB FY2024 Adopted Budget Revenue Summary and public NYC Finance publications. Property tax revenue is at the county layerWho decides
The Mayor writes the city's budget. The Mayor sends it to the Council twice a year. First comes a preliminary version, then a final one. The 51-member Council reviews the budget. The Council holds public hearings and can change it. The Council adopts a final budget every year. This happens before the fiscal year starts July 1.
Mayor · 1 seat
All up for election November 6, 2029
Zohran Mamdani
Mayor
Next election
November 6, 2029
City Council · 51 seats
All up for election November 6, 2029Christopher Marte
Member, District 1
Next election
November 6, 2029
Harvey Epstein
Member, District 2
Next election
November 6, 2029
Carl Wilson
Member, District 3
Next election
November 6, 2029
Virginia Maloney
Member, District 4
Next election
November 6, 2029
Julie Menin
Member, District 5
Next election
November 6, 2029
Gale A. Brewer
Member, District 6
Next election
November 6, 2029
Shaun Abreu
Member, District 7
Next election
November 6, 2029
Elsie Encarnacion
Member, District 8
Next election
November 6, 2029
Yusef Salaam
Member, District 9
Next election
November 6, 2029
Carmen De La Rosa
Member, District 10
Next election
November 6, 2029
Source · New York City Council, NYC Council — The Budget Process. Read on July 31, 2026.
When decisions happen
The Mayor releases a first budget in January. The Council holds hearings in March and April. The Mayor then sends an updated budget in April. The Council holds more hearings after that. The Council adopts a final budget by June 30. The new fiscal year starts July 1.
Each yearBudget season: January to June; adopted by June 30
November 6, 2029Election for 52 seats
How to reach it
Use the district map to find your Council Member. You can also register online to testify, in person or in writing, at a Council hearing. Or call 311 for general help.
Register to testify at a Council hearing
Online, through the government's own page
Call 311
Phone
Find your Council district
Online, through the government's own page
Submit testimony at a Council hearing
Online, through the government's own page
Source · New York City Council, NYC Council — Legistar Meeting Calendar. Read on July 31, 2026.
Also on this tax bill
A New York City address pays these governments too.
On every bill in New York City
Sources
Spent
City of New York FY2024 Annual Comprehensive Financial Report. Read on June 4, 2026.
Details
City of New York FY2024 Annual Comprehensive Financial Report — audited Exhibit IV Governmental Funds Statement Total Governmental Funds column (ACFR p. 47-48). City-layer fixture: per-department expenditure shares from the same ACFR as the county layer (36061); revenue denominators (city 4.5% sales tax ≈$8.4B; other city taxes ≈$780/resident) from NYC OMB FY2024 Adopted Budget Revenue Summary and public NYC Finance publications. Property tax revenue is at the county layerTaxes
Office of the New York City Comptroller, City of New York FY2024 ACFR and the NYC OMB FY2024 Adopted Budget Revenue Summary. Read on June 12, 2026.
Who decides
New York City Council, NYC Council — The Budget Process. Read on July 31, 2026.
When decisions happen
New York City Council, NYC Council — Legistar Meeting Calendar. Read on July 31, 2026.
How to reach it
New York City Council, NYC Council — Districts. Read on July 31, 2026.
Details
NYC Council — Districts (map widget + district lookup)What it does
Office of the New York City Comptroller, City of New York FY2024 Annual Comprehensive Financial Report. Read on October 9, 2026.
To act on what you have read
Who Taxes Me describes. These three tools, made by the same team, are where you can do something about it. Each opens in a new tab.
Go to TaxTrace
Influence what and how much you are taxed
Go to 2zips
Compare taxes between two places
Spruce · coming soon
Influence improvements in your city