New-York

New York’s Fiscal Complexity New York is both a state and a city in a way that complicates most fiscal analysis. New York City’s budget is larger than most states. The fiscal fortunes of the state are deeply entangled with the fortunes of the financial industry concentrated in Manhattan. And the political economy of a state that must satisfy both the country’s densest urban core and large rural upstate regions produces a governing complexity with no real parallel. ...