Government of New York City

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Mayor Michael Bloomberg visiting with Grand Rabbi Moshe Leib Rabinovich of the Munkacs Hasidic sect in Brooklyn.

The New York City government's budget is the largest municipal budget in the United States. The city government spends about $61 billion a year, employs 250,000 people, spends $21 billion to educate more than 1.1 million children, levies $27 billion in taxes, and receives $14 billion from federal and state governments. New York State has more than 4,200 local governments in the form of counties, cities, towns, and villages. About 52% of all revenue raised by local governments in the state is raised solely by the government of New York City, which spends it on education (31%), social services (20%), public safety (13%), and benefits and pensions (10%). New York City property taxes are lower than those in the suburbs because most of the city's revenue comes from income and sales taxes.

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