[gemstones]

Oh man, I didn’t realize it was 3%!

NYC has a ton of people at the top of their fields in a really dense setting. I wonder what city services cause such a big shortfall! On paper it should be easier to finance NYC than any other big city, so I wonder where the money goes.

Or an I incorrect and the city is poorer than I think? Perhaps Long Island sucks more incomes away from the city than I thought?

[NovemberWhiskey]

Everything in NYC is expensive. We spend almost $40,000 per year on each public school student. Construction is hugely expensive. The Department of Corrections has 1.4 corrections officers for every person incarcerated.

[mschuster91]

Simple solution, imprison less people. NYC prisons are notorious for overcrowding for decades now [1] [2].

It's shocking for me as a German that this seems to have been a consistent fact of life that's just accepted by everyone and nothing is being done - no new prisons are built to offer more space for prisoners, and nothing is being done to reduce the amount of people heading towards prison.

[1] https://www.ojp.gov/ncjrs/virtual-library/abstracts/prison-a...

[2] https://nymag.com/intelligencer/2021/10/new-york-post-photos...

[NovemberWhiskey]

NYC average daily jail population has been decreasing almost continuously for the last 30 years. Conditions at Riker's Island are much more to do with the problems between the civilian oversight function and the COs unions than they are to do with an actual excess of inmates with respect to cells etc.

[David_Axelrod]

About $32 billion comes from property taxes and $38 billion from "other taxes" (mostly income tax).

[0] https://www.nyc.gov/assets/omb/downloads/pdf/fp11-23.pdf

[ipaddr]

The mayor of NYC has been talking about illegal immigration scaling up this year costing the city billions.