New York State Budget Analysis and Financial Reporting

A view of the Empire State Plaza

New York State Budget Analysis and Financial Reporting

State Comptroller DiNapoli provides independent monitoring, oversight and analysis of the State's fiscal position. He regularly issues reports on budget and policy issues, economic trends, and financial reports.

Open Book New York

SEARCH MILLIONS OF STATE AND LOCAL GOVERNMENT FINANCIAL RECORDS

New Yorkers deserve to know how their tax dollars are spent. Open Book New York provides comprehensive financial data on State contracts, payments, spending and more.

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COVID-19 Relief Program Tracker

BILLIONS IN NEW FEDERAL DOLLARS FLOWING TO NEW YORK

This tool monitors spending of federal recovery aid and COVID-19 relief programs in the State. The dashboard explains each federal and State program, and how much has been received and spent to date. The data will be updated monthly and New Yorkers can use the tool to understand how federal aid is used and to inform future conversations about budget priorities.

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Albany, New York State Capitol building with water in foreground

New York State Agency Use of Overtime and State Workforce Trends, 2014 – 2023

OVERTIME COSTS DECREASED 11.6% IN 2023, FIRST DECLINE SINCE 2016

New York State agency overtime costs in 2023 were $1.2 billion, down 11.6% from 2022, marking the first decrease in total overtime earnings since 2016. This decrease was led by three of the five largest users of overtime and was further reduced by other agencies, whose role in responding to the pandemic waned in 2023. In 2023, overtime as a share of payroll was at its second highest rate since 2007.

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Enacted Budget Report: State Fiscal Year 2024-25

Analysis Identifies Risks to Financial Plan in Years Ahead

The estimated $237 billion Enacted Budget for State Fiscal Year 2024-25 increases spending for vital state services like Medicaid and school aid and includes new funding and policy changes to spur the creation of much needed housing, but the State’s financial outlook includes several risks. At the State level, certain revenue streams that have been critical to maintaining budget balance are either scheduled to expire or be depleted in the years ahead, meaning current spending levels will be difficult to sustain. Finally, the Budget also includes troubling provisions that limit transparency and accountability.

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New York Children in Need: The Urgency of Lifting Children Out of Poverty

REPORT EXAMINES TROUBLING CHILD POVERTY TRENDS

Nearly one in five New York children live in poverty, and rates are significantly higher in some of New York's largest cities. With the 2021 Child Poverty Reduction Act, New York has set a goal to reduce child poverty by 50% by 2031 and has taken action in recent State budgets. The State and federal government have the solutions to lift more children out of poverty, and policymakers should act with urgency to use them.

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Food Insecurity Persists Post-Pandemic

Economic and Policy Insights

Food insecurity is increasing in New York, with one-in-nine households (11.3% or 875,000 families) unable to get enough food at some point during 2020 through 2022 because they lacked money or other resources. Nationally, food insecurity increased for the first time in over a decade to 11.2% during 2020 through 2022. With the end of the pandemic, many of the enhancements to federal safety net programs also ended. Additional federal and state efforts are needed to address food insecurity.

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Environmental Facilities Corporation - An Overview of Major Water Quality Improvement Programs

FACES SIGNIFICANT FUNDING BACKLOG FOR ESSENTIAL WATER INFRASTRUCTURE PROJECTS

New York State’s Environmental Facilities Corporation has provided financing for over 2,000 essential local water infrastructure projects totaling more than $23.7 billion since 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline. Using federal capitalization funds, New York has spent more for Clean Water and Drinking Water projects than any other State; however, the need remains significant and more can be done to reach communities which have not yet accessed funding through financing and State grants.

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 United States Capitol Building in Washington, D.C.

New York's Balance of Payments in the Federal Budget - Federal Fiscal Year 2022

State Received $1.06 for Every $1 Sent to Washington

Historic federal pandemic relief funds, though being spent down, continued to boost New York’s balance of payments in Federal Fiscal Year 2022. For every dollar New York sent to the federal government in tax receipts, it received $1.06 back in federal spending, as compared to a national average of $1.28, ranking New York 39 out of 45 states with a positive balance of payments. This report is the eighth in a series by the Office of the State Comptroller that examines the flow of funds between the federal government and the states.

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Capitol of Albany

The Importance of Responsible Debt Management

Poor State Bond Structuring Choices Lead to Greater Costs for Taxpayers

In the throes of the economic uncertainty and fiscal turbulence caused by the COVID crisis, legislation was enacted as part of the SFY 2021-22 budget authorizing the use of State-supported bonding with final maturities up to 50 years for capital purposes for the Metropolitan Transportation Authority. This legislation has been reauthorized and proposed again in the State Fiscal Year 2024-25 Executive Budget. As we approach the State’s coming 2024-25 fiscal year, the budget proposal authorizing such 50-year borrowing should be rejected, and the State should return to long-standing bond financing norms. The budget also includes a proposal to severely restrict the State Comptroller’s terms and conditions oversight of private sales of State debt, which should be rejected.

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