The New York Metropolis Financial system Tracker is a joint undertaking between Investopedia and NY1, utilizing publicly accessible information to judge the financial well being of town throughout quite a lot of metrics.

For the week of February 17, 2025, we’re common annual funding from the federal authorities to New York Metropolis, and its influence on numerous applications supporting New Yorkers.

How Does Cash From the Federal Authorities Affect New Yorkers?

Over $100 billion flows from the federal authorities to New Yorkers every year, in line with an evaluation by the NYC Comptroller’s workplace. Nevertheless, this cash comes from quite a lot of completely different sources and thru plenty of completely different applications to in the end influence the lives of individuals within the metropolis.

The applications that account for the most important share of the annual cash the federal authorities sends to New Yorkers are for important healthcare companies. This features a whole of $53.8 billion {dollars} from applications like Medicare, Medicaid, and the Important Plan for healthcare for hundreds of thousands of New Yorkers. A further $32.7 billion is offered for earnings safety and associated advantages like Social Safety, Supplemental Safety Revenue, the Supplemental Diet Help Program (SNAP) and the Particular Supplemental Diet Program for Ladies, Infants, and Kids (WIC) that additionally profit hundreds of thousands of New Yorkers.

Moreover, in a typical yr, the federal authorities gives about $5.5 billion via each categorical and block grants to public well being, training, and housing establishments just like the CUNY system, NYC Well being + Hospitals, and the NYC Housing Authority that educate, home, and deal with hundreds of thousands of New Yorkers.

What Elements of the Metropolis Finances Are Most Impacted by the Federal Authorities?

Except for help and grants that present direct profit to New Yorkers, the federal authorities additionally gave nearly $10 billion {dollars} in funding to town authorities’s FY ‘25 operational funds, about 8.3% of town’s total funds of $115 billion for that fiscal yr. Though a lot of this cash isn’t conveyed on to New Yorkers, it nonetheless has a considerable impact on town companies that do administer applications immediately impacting New Yorkers.

For instance, about 50% of the NYC Administration for Kids’s Providers funds—about $1.6 billion {dollars}—was from federal funding in FY ‘25. The NYC ACS conducts youngster abuse and neglect investigations, juvenile justice applications, and helps subsidize care and training for teenagers across the metropolis. Round 30% of the NYC Division of Housing Preservation & Improvement’s bills—round $673 million {dollars}—was federally funded in FY ‘25. The NYC HPD enforces the housing upkeep code on behalf of tenants for buildings throughout town and helps homeowners preserve buildings in good restore with loans, and outreach and academic applications. An estimated 17% of the NYC Division of Homeless Providers line gadgets—about $625 million {dollars}—was federally funded in FY ‘25. The NYC DHS is the group that helps New Yorkers with out housing discover shelter, employment alternatives, and connections to different assist.

Though NYC receives some huge cash from the federal authorities, it’s necessary to place this relationship into perspective. New York Metropolis is a internet contributor to the federal authorities—apart from years that required main federal monetary help similar to after Hurricane Sandy and the COVID-19 disaster, town’s stability of funds with the federal authorities is often destructive. Taxes New Yorkers pay into the federal authorities sometimes exceed the cash transferred from the federal authorities to New York Metropolis.