14th street, new york, new york.
New York spends at least $4.06 billion per year on incentive programs, according to the most recent data available. That is roughly:
- $210 per capita
- 7¢ per dollar of state budget
Top Incentives by type
- $1.82 billion in Corporate income tax credit, rebate or reduction
- $1.11 billion in Property tax abatement
- $871 million in Sales tax refund, exemptions or other sales tax discounts