Unofficial demonstration dashboard
State of New York
New York's fiscal year runs April 1 – March 31. This page summarizes the SFY 2027 enacted budget (Enacted Budget Financial Plan), revenues, reserves, and debt from official state documents, with every figure labeled by basis and every gap disclosed.
The color bar above is a simplified bar in the New York flag colors — it is not a rendering of the flag, and the hex values are generic web values, not official specifications.
Overview
New York's fiscal year runs April 1 – March 31. The current fiscal year is SFY 2027, April 1, 2026 – March 31, 2027, funded by the Enacted Budget Financial Plan of the Division of the Budget. The budget passed the Legislature on May 27, 2026 — 57 days late — and was enacted May 28, 2026.
Enacted, not proposed: every SFY 2027 figure on this page is from the Enacted Budget Financial Plan and the enacted Annual Information Statement (AIS). The National Association of State Budget Officers' executive-proposal figures for New York (about $260 billion All Funds, $157.4 billion State Operating Funds, $126.8 billion General Fund, closing General Fund balance $47.1 billion) are proposal basis and are never used as enacted figures here.
Sources: New York Division of the Budget, Enacted Budget Financial Plan, SFY 2027; Office of the State Comptroller, Annual Information Statement; U.S. Census Bureau, QuickFacts: New York.
Enacted budget by fund source — SFY 2027 ($ millions)
| Measure | SFY 2025 actual | SFY 2026 actual | SFY 2027 enacted |
|---|---|---|---|
| All Funds | $241,471 | $258,951 | $277,020 |
| State Operating Funds | $133,654 | $148,810 | $161,127 |
| General Fund including transfers | $108,676 | $124,503 | $128,792 |
| Capital Projects Funds | — | — | $21,460 |
| Federal Operating Aid | — | — | $94,433 |
All Governmental Funds rise $18.1 billion (7.0%) over SFY 2026, and State Operating Funds rise $12.3 billion (8.3%). About 60% of the increase is Medicaid and School Aid. Capital Projects Funds and Federal Operating Aid are shown for SFY 2027 only — the extracted enacted table did not carry their SFY 2025–2026 actuals, so no prior-year values are shown for those two rows rather than guessed ones.
Source: Division of the Budget, Enacted Budget Financial Plan, SFY 2027; AIS, SFY 2027.
Revenues by source — General Fund cash plan, SFY 2027 enacted ($ millions)
Cash-plan presentation: the table below is the AIS General Fund cash financial plan. Its receipts total ($127,172 million) is not the same presentation as the Financial Plan's "$128,792 million General Fund including transfers" headline — that headline equals the disbursements total below. Receipts fall $1,620 million short of disbursements; the gap is covered from fund balance.
General Fund receipts — sums exactly to $127,172 million
| Receipt ($ millions) | SFY 2027 enacted |
|---|---|
| Personal income tax | $33,274 |
| Consumption and use taxes | $10,935 |
| Business taxes | $20,384 |
| Other taxes | $1,505 |
| Miscellaneous receipts | $4,186 |
| Federal receipts | $0 |
| Transfer: PIT in excess of revenue bond debt service | $32,028 |
| Transfer: Pass-Through Entity Tax in excess of revenue bond debt service | $9,995 |
| Transfer: Employer Compensation Expense Program in excess | $10 |
| Transfer: Sales tax in excess of revenue bond debt service | $10,098 |
| Transfer: Real estate taxes in excess of CW/CA debt service | $1,206 |
| Transfer: All other | $3,551 |
| Total General Fund receipts | $127,172 |
New York's distinctive transfer structure is the story of this table: $56,888 million of the $127,172 million arrives as transfers from other funds — chiefly personal income tax revenue in excess of revenue bond debt service ($32,028 million) — because the state's personal income tax is collected into a revenue bond fund first and only the excess flows to the General Fund.
Expenditures
General Fund disbursements — sums exactly to $128,792 million
| Disbursement ($ millions) | SFY 2027 enacted |
|---|---|
| Assistance and Grants | $90,803 |
| Personal Service | $12,763 |
| Non-Personal Service | $4,187 |
| General State Charges | $11,424 |
| Transfer: Debt Service | $294 |
| Transfer: Capital Projects | $4,855 |
| Transfer: SUNY Operations | $1,831 |
| Transfer: Other Purposes | $2,635 |
| Total General Fund disbursements | $128,792 |
Major program spending — enacted
| School Aid, SFY 2027 enacted (up $1.7 billion) | $39 billion |
| Foundation Aid within School Aid (up $1 billion) | $27.4 billion |
Out-year budget gaps in the enacted plan: SFY 2028 $6.4 billion; SFY 2029 $10.5 billion; SFY 2030 $14.7 billion. Those gaps are projections in the enacted plan, not enacted spending.
Sources: Division of the Budget, Enacted Budget Financial Plan, SFY 2027; AIS, SFY 2027.
What this section deliberately omits
- Enacted functional State Operating Funds detail for Medicaid — not extracted on an enacted basis. Executive-proposal Medicaid and School Aid figures are not substituted for enacted ones.
Fund balance & reserves — two different measures, kept separate
Statutory rainy-day funds (FY 2025 AIS, $ millions)
| Measure | FY 2025 opening | Change | FY 2025 closing |
|---|---|---|---|
| Combined statutory rainy-day funds | $6,256 | +$1,500 | $7,756 |
The Rainy Day Reserve Account alone stood at $7.1 billion at March 31, 2025 (FY 2025 ACFR). The AIS combined figure ($7,756 million) covers the combined statutory rainy-day funds and matches the Comptroller's approximately $7.8 billion total after the planned $1.5 billion deposit.
Informal reserve — not a statutory fund
| Economic Uncertainties reserve (informal, executive-controlled) | $13,812 million (flat in FY 2025) |
The Comptroller warns that the Economic Uncertainties balance is subject to administrative use and is not governed by the statutory use and repayment requirements that bind the rainy-day funds. Never add it to the statutory total as if it were the same kind of reserve — the two measures are $7,756 million (statutory) and $13,812 million (informal), and they are not combined on this page.
Sources: Office of the State Comptroller, FY 2025 ACFR; FY 2025 AIS.
What this section deliberately omits
- The enacted SFY 2027 closing General Fund balance — not extracted from the AIS cash-plan table (the table continues below the extracted excerpt). No closing balance is asserted rather than a guessed one.
State debt — Financial Condition Report, SFY 2024-25 end
Three measures, never mixed. New York's debt is overwhelmingly authority ("backdoor") borrowing, not voter-approved general obligation bonds. The broadest GAAP measure includes more than bonded debt.
| Voter-approved general obligation bonds | $2.3 billion |
| State-supported debt (about 96% authority borrowing) | $55.9 billion |
| State debt, GAAP basis | $62.2 billion |
| General obligation ratings | AA+ / AA+ / Aa1 |
| National debt-burden rank (Moody's, 2023) | 2nd, behind only California |
Source: Office of the State Comptroller, 2025 Financial Condition Report.
State facts & symbols
| Capital | Albany |
| Admitted to the Union | July 26, 1788 — 11th state |
| Counties | 62 |
| Population estimate, July 1, 2025 (Census Vintage 2025) | 20,002,427 — an estimate, never a Census count |
| FIPS code | 36 |
| State bird | Eastern bluebird |
| State flower | Rose |
| State tree | Sugar maple |
| State motto | “Excelsior” — “Ever upward” |
| State nickname | Empire State |
| Flag colors | Blue field with gold — color names only; no official hex values are claimed on this page |
Sources: U.S. Census Bureau, QuickFacts: New York; New York State Assembly, state symbols.
Sources & checks
Source documents
- Division of the Budget, Enacted Budget Financial Plan, SFY 2027
- Office of the State Comptroller, Annual Information Statement, SFY 2027
- Office of the State Comptroller, FY 2025 ACFR
- Office of the State Comptroller, 2025 Financial Condition Report
- U.S. Census Bureau, QuickFacts: New York (Vintage 2025)
Sum-check log (recomputed at build time)
- General Fund receipts (12 lines): exact to $127,172 million.
- General Fund disbursements (8 lines): exact to $128,792 million, matching the Enacted FP General Fund headline.
- Receipts-to-disbursements gap: $128,792M − $127,172M = $1,620M, covered from fund balance.
- Rainy-day funds: $6,256M + $1,500M = $7,756M, matching the Comptroller's ~$7.8B total.
What this page deliberately omits
- Executive-proposal figures (NASBO) presented as enacted — never used.
- Enacted functional Medicaid detail and the enacted closing General Fund balance (not extracted — see sections).
- Any official hex color claim for New York.