https://blog.thomas-bray.com/tags/new-york/Recent content in New-York on Rabid CuriosityHugoen-usThomas BrayTue, 17 Mar 2026 11:25:00 -0500https://blog.thomas-bray.com/posts/public-finance-new-york/Tue, 17 Mar 2026 11:25:00 -0500https://blog.thomas-bray.com/posts/public-finance-new-york/<h2 id="new-yorks-fiscal-complexity">New York&rsquo;s Fiscal Complexity</h2> <p>New York is both a state and a city in a way that complicates most fiscal analysis. New York City&rsquo;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&rsquo;s densest urban core and large rural upstate regions produces a governing complexity with no real parallel.</p>