The Cost of War on the City
October 25th, 2007
So how does the cost of the Iraq War break down across the city? According to a new analysis by the National Priorities Project, a nonprofit research group that analyses federal budget data, the city covers more than a third of the war’s entire cost to the state and about 3 percent of its cost to the country.
The data breaks down the local bill through fiscal year 2007. Interestingly, the war has brought the largest tab to Queens, which outspent the rest of the boroughs by nearly $1 billion.
The group also looks at the proposed war costs for fiscal year 2008 and how that is dispersed locally.
Here is the breakdown borough by borough for fiscal year ‘07:
Staten Island: $1,213,500,000
New York City total: $15,237,500,000
New York State total: $40,915,800,000
The U.S. total is about $456 billion.By Courtney Gross on October 25, 2007, 11:41 am
In category: Economy, Gotham City, Public Finance | 1 Comment »