The City University of New York
CUNY is a major contributor to the economic health of New York City
- The University's total economic impact within New York State is nearly
$13 billion annually, more than ten times the size of CUNY's budget.
- CUNY graduates and employees generate $717 million in State and City
tax revenues yearly, returning the $716.1 million in State and City aid
The University received for 1996-97.
- Some 425,000 of CUNY's 1970-1995 graduates still live and pay taxes
in New York, along with hundreds of thousands of previous graduates, 205,000
current students and 150,000 adult and continuing education students.
- Ten years after graduation, 80 percent of CUNY alumni are still in
- More than 90 percent of CUNY employees live in New York.
- As a result of expenditures by the University, students, alumni, and
staff, an extra 321,210 jobs are created each year in New York State.
- The average bachelor's degree recipient earns over $690,000 more than
a high school graduate during a 40-year career.
- Each year, New York State and New York City derive approximately $646
million more in taxes from CUNY's 1970-1995 graduates than if these taxpayers
had not received a college education.
- By the year 2000, the majority of jobs will require a college degree,
according to the New York State Department of Labor, and the occupations
that require the highest levels of education will grow the fastest.
- CUNY is a leader in educating groups traditionally under-represented
in higher education who will make up a growing portion of New York's future