Submitted by exgalactic t3_11l1b2t in nyc
JE163 t1_jbambnm wrote
"$102.7 billion preliminary budget for fiscal year 2024."
That's more than the entire GDP of some countries! We really should be doing more to control costs and ensure the money is being used wisely.
drpvn t1_jban6r8 wrote
Not to mention it’s $32 billion higher than the city’s spending in De Blasio’s first term.
mowotlarx t1_jbanosa wrote
Which countries? What's their population? How do they rank on quality of life?
Daddy_Macron t1_jbbtuj5 wrote
If you rank NYC's budget by national budgets worldwide, we'd rank 41st in expenditures ahead of the Philippines. And if you account for the fact that the NYC government doesn't have to provide for its own defense or the biggest two parts of social spending (Social Security and Medicare), what we get for that money starts looking pretty bad.
https://en.wikipedia.org/wiki/List_of_countries_by_government_budget
alias_impossible t1_jbcsz8s wrote
Something to factor in though is cost of living. In a concentrated area condensed to a few hundred square miles, it's a bit harder to say that costs can be spread thinner across more areas where real estate and land don't comparatively much cheaper, or more available. NY States' budget is roughly $200 billion, double NYC's but for the whole state. Makes sense given that there is way more land, and thus not as expensive for a dollar to serve a person whose relative needs and subsidy with tax dollars are cheaper to effect.
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