Reports

The Metropolitan Transportation Authority (MTA) continues to make progress on bringing back riders, but  ridership remains well below pre-pandemic levels, putting a major strain on its budget. The report highlights key areas of transit service — safety, reliability and frequency — where the MTA can take steps to improve riders’ experience and encourage their return, to effectively fulfil its mission and stabilize its fiscal position.

The COVID-19 pandemic forced New York’s schools to take on the extraordinary challenge of quickly shifting to remote learning formats. Recent national data show student performance dropped significantly in 2022 from 2019, with New York experiencing even greater declines than the nation in fourth grade math and reading. School districts need to swiftly invest significant resources in helping students that are most in need to make up for learning loss, while pandemic relief funds for education are still available.

The Executive Budget proposes $227 billion in All Funds spending in SFY 2023-24, an increase of 2.5% from the prior year. The State faces prolonged inflation, rising federal interest rates and the end of federal relief aid that was instrumental in balancing the past two budgets. As a result, the Division of the Budget projects shortfalls in revenues and increases in spending.

Approximately one in ten, or about 800,000, New York households experienced food insecurity from 2019 to 2021, and an increasing number say they face food insufficiency since summer 2021. This report is the second in the “New Yorkers in Need” series. It details recent trends in food insecurity, explains policy interventions by the federal and State governments, and demonstrates a clear need for a continuing commitment to reduce the incidence of food insecurity.

New York City’s $104.8 billion preliminary fiscal year (FY) 2024 budget has benefitted from better-than-projected revenue collections, the reallocation of unused federal pandemic relief funds and savings initiatives. The Comptroller's office assumes that a number of the fiscal risks the City currently faces will continue, increasing the planned budget gap to about $8.9 billion in FY 2025 and $13.9 billion in FY 2027, even when adjusting for stronger revenue collections.

In SFY 2021-22 (April 1, 2021 through March 31, 2022), OSC completed 10 audits of preschool special education providers' expenses submitted to SED. These audits cumulatively identified $3.8 million in recommended disallowances, or more than 4 percent of the total claimed expenses of $92.8 million for the audit period.

Local sales tax collections in New York state increased by 9.2% in January compared to the same month in 2022. Overall, local collections totaled $1.89 billion, up $159 million compared to the same time last year.

Regional Table [.xlsx]

Like many cities across the United States, New York City has adjusted its budget priorities during the COVID-19 pandemic to help address pressing needs. This report examines how the City’s spending priorities shifted during the pandemic, including increases to support education, public safety, quality of life improvements and social services, as well the risks and uncertainties that could impact these newly funded programs in the long term.

Local government sales tax collections in New York State totaled $22.1 billion in calendar year 2022, up 12.7%, or $2.5 billion, from 2021 due to strong sales statewide, especially in New York City.

Last year the New York State Thruway Authority proposed a multi-year schedule of toll increases to begin in 2024. This report provides a summary of the Thruway Authority’s current and forecasted revenue and expenses, factors that have impacted its finances over the past several years, the toll increase proposal, and considerations to help guide the assessment of the proposal.

New York has one of the nation’s highest debt levels, largely because measures to restrict the excessive use of debt have been circumvented over the years in State budgets. This report identifies policy and fiscal weaknesses that have allowed State debt to grow to troubling levels and offers a roadmap for State debt reform to improve debt affordability and protect New York’s fiscal health.

This snapshot highlights the FSMS results for school districts that reported for school fiscal year (SY) 2021-22, which ended on June 30, 2022.  Fewer school districts were scored in fiscal stress in this year than any other year since the System’s inception largely due to increases in State aid and temporary federal aid.

The Corporate Governance Program supports and facilitates the integration of environmental, social and governance (ESG) factors in the Common Retirement Fund’s due diligence process, investment decisions, and performance monitoring program, and provides active stewardship of the Fund’s public equity holdings.

The Office of the State Comptroller received 18,605 contract transactions, including both new contracts and contract amendments, valued at $173 billion in the calendar year 2021. The average time from agency contract submission to final sign-off was 5.3 days.

A look back at some of the major accomplishments of the Office of the New York State Comptroller in 2022, including building on the State pension fund's $20 billion in climate solutions investments, investing an additional $350 million in New York State businesses, uncovering $5.4 billion in cost savings through audits of critical programs, returning $400 million in lost money to rightful owners, and more.

This report provides the public detailed information about State and local public authorities and makes recommendations to improve transparency and eliminate use of backdoor borrowing and debt gimmicks that seek to weaken or circumvent debt limits.

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New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4, after transfers, but City finances could come under pressure amid a slowing economic recovery and an increase in demand for City services. For the upcoming FY 2024 preliminary budget, State Comptroller DiNapoli urges the City to provide a realistic and transparent view of the City’s revenue and expenses and take actions to close out-year gaps while maintaining critical services.

Local sales tax collections in New York state increased by 8.8% in November compared to the same month in 2021. Overall, local collections totaled $1.72 billion, up $139 million compared to the same time last year.

Regional Table [.xlsx]

More than two years after the height of the COVID-19 pandemic in New York City, young people are still facing double-digit unemployment. There are currently over 70,000 unemployed young workers in the City, nearly two times as many as in 2019. Young men are struggling the most with nearly 24% remaining unemployed, significantly higher than in the rest of New York State and the nation.

New York had the 13^th highest poverty rate among states in 2021, and has surpassed the national average since 2014. These rates have been persistently higher among some groups, including children; New Yorkers of color, and those with less than a high school education. The COVID-19 pandemic prompted an expansion of the safety net by the federal government that effectively reduced poverty, and some parts of that should be continued. State government should also ensure resources are equitably targeted and a cross-agency focus is maintained to alleviate poverty in a sustained manner.