Tuesday, January 14, 2020

New York's Government Is Twice the Size of Florida’s

Very recommendable! What a contrast between New York and Florida!

"New Census data show that Americans are continuing to move from high-tax to low-tax states. One of the largest migration flows is from New York to Florida ... New York and Florida have similar populations of 20 million and 21 million, respectively. But governments in New York spent twice as much as governments in Florida, $348 billion compared to $177 billion. ... New York spent $69 billion on K-12 schools in 2017 compared to Florida’s $28 billion. Yet the states have about the same number of kids enrolled—2.7 million in New York and 2.8 million in Florida. ... New York spent $71 billion on public welfare compared to Florida’s $28 billion.  ... New York spends vastly more on employee retirement than Florida. Retirement systems are mainly funded by contributions and investment earnings, although most systems are underfunded. New York has a larger and more unionized public workforce than Florida. New York governments employed 1,196,632 workers in 2017 compared to Florida’s 889,950 (measured in FTEs). New York’s public workforce is 67 percent unionized compared to Florida’s at 27 percent."

New York's Government Is Twice the Size of Florida’s | Cato @ Liberty: New Census data show that Americans are continuing to move from high-tax to low-tax states.

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