- New York already has the highest personal tax burden per capita and thehighest corporate taxes per capita in the country
- New York also already has the highest spending per capita. One example: New York Medicaid spending per capita is 45% higher than the next closest state.
So the budget, which failed to enact any significant spending reductions or fiscal reforms, is a disappointment. New York's spending appears out of control relative to its ability to sustain it, particularly once federal transfers run out. From a pure operating cost perspective, some businesses and individuals may be incented to relocate elsewhere, hence the titles on the following very troubling charts. They show where New York ranks on taxes and spending, even before the recent tax hikes which constitute the biggest tax increase in NYS history.