Reports

Although U.S. and New York State economic growth softened in State Fiscal Year (SFY) 2013-14, tax collections showed signs of real improvement.

The State ended SFY 2013-14 in its most favorable financial position in years. The General Fund’s end-of-year balance, more than $2.2 billion, was $432 million over February projections.

Investment in capital assets – roads, bridges, water and sewer systems, school buildings and other infrastructure – is essential to New York’s economy and its quality of life.

The State Fiscal Year (SFY) 2014-15 Executive Budget holds the promise that New York State can achieve ongoing budgetary balance after decades of nearly continuous structural gaps.

This is the third annual report by the Office of the State Comptroller on overtime use by New York State agencies. It covers overtime patterns over the past seven years.

All Governmental Funds tax collections through the third quarter of State Fiscal Year (SFY) 2013-14 were $534 million lower than projected in the most recent update to the SFY 2013-14 Enacted Budget Financial Plan released in November 2013.

Tax “check-off” programs provide a means for taxpayers to make voluntary contributions for various causes as part of their federal and State income tax filings simply by marking an appropriate box on their tax forms.

Recent audits of dual employment in six State entities found that managers and supervisors failed to monitor employee time and attendance. At every agency where auditors found employees who violated time and attendance policies, there were also supervisors and managers who didn’t know where their employees were or who allowed employees to misrepresent the hours worked.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2013-14 through SFY 2015-16, issued pursuant to Section 23 of the State Finance Law (as amended by Chapter 1 of the Laws of 2007), is intended to enhance analysis and discussion of the State’s economic condition and the State Budget.

Midway through State Fiscal Year (SFY) 2013-14, overall tax collections are slightly below the latest Division of the Budget (DOB) projections included in the First Quarter Update to the SFY 2013-14 Enacted Budget Financial Plan.

The Comprehensive Annual Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2013.

New York State has had a long history of structural budgetary imbalance and multibillion dollar out-year deficits. However, progress toward long-term budget balance has been made over the last three years.

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2013.

The State’s All Governmental Funds tax collections through the first quarter of the 2013-14 fiscal year were $321 million higher than projected in this year’s Enacted Budget Financial Plan.

After many years of structural budgetary imbalance, New York State has made strides toward achieving equilibrium between recurring revenues and ongoing expenditures.

State Fiscal Year (SFY) 2012-13 brought serious budgetary challenges, including the second most expensive storm to hit the United States and a still-slow recovery from the worst economic downturn since the Great Depression.

This is the second annual report by the Office of the State Comptroller on overtime use by New York State agencies. This statistical overview covers the past six years and expands the types of information presented in our first report.

New York State's Enacted Budget for the 2013-14 State Fiscal Year (SFY) reflects a continuing effort by the Executive and the Legislature to restrain spending, while holding projected gaps for the next three years to more manageable levels than has been the case over most of the past decade.

The Executive Budget for State Fiscal Year (SFY) 2013-14 was released by the Executive on January 22, 2013. On February 21, the Executive submitted final amendments to the proposed budget, to supplement the 21-day amendments previously released.

The State Fiscal Year (SFY) 2013-14 Executive Budget continues the State’s effort to move toward long-term structural balance.