Don't forget to factor in NYC's current contributions to all of NY State...

...be careful what you wish for...

AI Overview

Yes, tax revenue generated in New York City subsidizes the rest of New York State, including rural and Upstate counties, through state budget distributions.

Key Facts on the Fiscal Flow

• Revenue Contribution: New York City contributes between 46.7% and 54.5% of total state tax revenues (depending on how commuter income taxes are credited), while generating roughly 60.7% of the state's Gross Domestic Product (GDP).
• State Operating Expenditures: New York City receives approximately 40.5% to 41.7% of state operating expenditures, while the rest of the state (including Upstate and rural regions) receives roughly 58.3% to 59.5%.
• Net Transfer: Studies from the Rockefeller Institute of Government and joint research by CUNY and the Center for New York City Affairs show a net transfer of funds from Downstate (NYC and its suburbs) to Upstate and rural regions to balance state-administered services, education, healthcare, and infrastructure.
• Forum Consensus: A general consensus among discussions on platforms like Reddit is that tax revenue from NYC helps fund public services and programs in economically struggling Upstate and rural counties.