New York City ranks #75 in TIA’s latest report

A new report on the financial condition of the 75 most populous cities ranks New York City no.75 in the nation for fiscal health. The report is based on the cities’ 2021 annual comprehensive financial reports, which are not analyzed on this scale by any other organization. The analysis by Truth in Accounting (TIA), a nonprofit government finance watchdog group, found New York City would need $171.5 billion to get out of the red, or $56,900 from each of its taxpayers. According to the fiscal watchdog's annual Financial State of...