Highlighted within this report are some of the major fiscal trends in New York’s local governments and recent policy developments that affect their operations and financial health. This report helps illustrate the complex and changing environment in which local governments must operate, and the delicate balance local officials must achieve between service delivery and fiscal responsibility.

This bulletin highlights accounting and budgeting changes for counties who share their own sales tax revenues with other local governments within their boundaries. These changes are necessitated by the recent Statements from the Governmental Accounting Standards Board (GASB).

This report provides a summary of the Division’s activities and gives an overview of local government finances in New York State.