Message from the Comptroller
As State policymakers responded to the challenges of the COVID-19 pandemic and accompanying volatility in the State’s finances, New York ended the State Fiscal Year (SFY) 2021-22 budget on stable ground. Historic federal financial assistance and improved tax revenues transformed an anticipated budget gap into surplus. This Financial Condition Report can help New Yorkers better understand the impacts of the COVID-19 pandemic and the State and federal policy responses, the ongoing risks and challenges, and opportunities for changes to improve the long-term outlook for State finances.
About this Report
This report provides citizens with an overview of the financial condition of New York State. It presents selected financial, economic, and demographic information in an easy-to-understand format.