Local Governments

RELIABLE FUNDING FOR LOCAL GOVERNMENT

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Our members are an important source of income for local governments, generating $304 million for localities since 2007. In 2015 alone, NYGA members generated tax revenues from income, sales, property and other sources totaling more than $77 million. These revenues supported general funds, local city school districts, stabilized or reduced property taxes, and defrayed costs associated with our facilities. In 2015, our members:

  • Financed $29 million in direct aid to municipalities
  • Directly paid more than $47 million in state and local taxes
  • Indirectly generated $41 million in taxes