Eric Adams "Woke" NYC budget deficit over 3 years surges to 13 billion, Governor Abbott's Texas surplus at 27 billion (dollars, compare)

[lovecrowds]

Let's see:

Texas: zero state and city income tax with 27 billion dollar surplus

NYC: 3.876% city income tax on top of state income tax rate of up to 10.9% has 13 billion dollars of deficits in the next 3 years.

NYC top combined state and local income tax rate: 14.7%

Texas combined sales and local income tax rate: 0%

Interesting, how Texas has 27 billion dollar budget surplus and yet there no state or city income taxes in the great Republican state of Texas.

NYC even with a 3.876% city income tax in addition to 10.9% top state income tax rate has budget deficits of 13 billion over the next 3 years.

https://www.qchron.com/editions/quee...839a4b614.html

https://www.kxan.com/news/texas-poli...udget-surplus/

https://propertyclub.nyc/article/new...ity-income-tax

https://www.gothamgazette.com/state/...city-state-mta

[Ohiogirl81]

Yeah, let's compare apples and oranges.

[erieguy]

Originally Posted by Ohiogirl81

Yeah, let's compare apples and oranges.

Bingo…Abbott actually knows what he’s doing