Latin America

In NY the state & city budgets must be balanced, this is a hangover from when the GOP controlled the state and might be part of the state constitution from longer back. I think it was done to prevent social gains back when union organizing was strong. NYC has a tax on the New York Stock exchange transactions that always get waived and were refunded the one or two years they were collected. Now that is moot with some many digital exchanges but is an example how NY has a tax system which the wealthy can game.