The quality of life, the extent and quality of state and local government public services, and the level of state and local taxation are not determined solely, or even primarily, by policy decisions made in a given year. They are also determined, in large part, by decisions made in the past that provide current and future residents of a community with assets, or stick them with liabilities. This post, and the two spreadsheets attached to it, use data from the Governments division of the U.S. Census Bureau to evaluate how residents of New York City, the Rest of New York State and New Jersey have fared by this measure, compared with other places and the national average.
One spreadsheet contains data on state and local debts, pensions, and capital construction expenditures for FY1972 and all years (excluding those for which none was collected due to budget cuts) from FY1977 to FY2008, for New York City, the rest of New York State, the U.S. total, New Jersey, California and Illinois, presented in a series of ten line graphs (Charts 1 to 10). The second presents similar data, in a table set to print on two pages, for all 50 states plus the District of Columbia for FY 2007 alone, and ranks these states (plus NYC and the Rest of the State if they had been separate states) according to a single “sold future rank.” I suggest downloading the spreadsheets, and printing out charts 1 to 10 and the table, to follow along as you read the rest of this post and the one following.