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DiNapoli Warns of ‘Triple Threat’ of Fiscal Risks
… New York's 2017-18 fiscal year, $386.6 million below the latest projections, largely because of lower than expected … was $6.5 billion. That figure was $21.8 million below the latest Financial Plan projection, released by the Division of … miscellaneous receipts are $746.3 million higher than the latest projections and $384.3 million higher than initial …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-warns-triple-threat-fiscal-risksDiNapoli Releases Analysis of State Budget Financial and Capital Plans
The states fiscal year SFY 201819 Enacted Budget Financial Plan projects that spending will outpace revenues over the next three years with potential cumulative gaps totaling $179 billion according to a report released today by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansDiNapoli Urges New Yorkers to Fill Out 2020 Census Forms
… of New York households that have not yet replied to take a few minutes and complete this critical action.” DiNapoli also released a detailed … include Poughkeepsie in Dutchess County (46.6 percent), Hudson in Columbia County (41.5 percent) and Newburgh (38.8 …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-urges-new-yorkers-fill-out-2020-census-formsState Comptroller DiNapoli Statement on the Governor's 2025 State of the State Address
… DiNapoli released the following statement today regarding Gov. Kathy Hochul's State of the State Address: "Today, Gov. Hochul outlined her new priorities as the state prepares …
https://www.osc.ny.gov/press/releases/2025/01/state-comptroller-dinapoli-statement-governors-2025-state-state-addressDiNapoli Report Spotlights New York's Veterans
… York State Comptroller Thomas P. DiNapoli. “New York is home to nearly 900,000 men and women who have served bravely … DiNapoli also noted that the New York State Common Retirement Fund has a program to provide loans to veterans. … Veterans snapshot . Learn about the New York State Common Retirement Fund’s loan program for veterans . … Nearly …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-report-spotlights-new-yorks-veteransDiNapoli: New Yorkers’ Debt on the Rise
… The average household debt in New York climbed to a new high … ongoing financial literacy initiative. In 2019, DiNapoli signed an executive order recognizing the need for more robust …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-new-yorkers-debt-riseDiNapoli: New York's March 31 Cash Standing Above Projections, but Faces Significant Shortfall in Weeks
… cash position was approximately $13.2 billion in the Short Term Investment Pool (STIP) available for government cash …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-new-yorks-march-31-cash-standing-above-projections-faces-significant-shortfall-weeksDiNapoli: School District Revenue Growth Slows
… New York’s school districts have faced major fluctuations in their … to the financial pressures on local governments and school districts across the state. “School districts are …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsImplications for the Future – 2021 Financial Condition Report
… nearly 2 million jobs were lost in New York State and, as of August 2021, only 55 percent of those jobs were regained. … foreseeable future. Outbreaks of new variants, vaccination rates, and their impact on consumer and employer behavior all … to drop sharply because they tend to rely on non-wage income, such as capital gains, which are more volatile …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureDiNapoli Issues Analysis of 2021-22 Enacted State Budget
… a long-term view and ensure the state’s spending does not grow to unsustainable levels. Federal support is finite and … funding for K-12 public school education is expected to grow by $1.4 billion annually, in addition to federal funding …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-issues-analysis-2021-22-enacted-state-budgetDiNapoli: Audits Find More Than $1 Million of Waste in New York's Medicaid Program
… $61,711 in overpayments to providers because of incorrect Medicare coinsurance, copayment or deductible amounts. “The … because Medicaid eligibility files were not updated with MCO enrollment information in a timely manner, in some … claims totaling $657,308 that either had unreasonably high patient cost-sharing amounts or indicated UnitedHealthcare …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-audits-find-more-1-million-waste-new-yorks-medicaid-programDiNapoli: State Faces Potential Budget Gaps
… New York state faces potential budget gaps in future years, according to an analysis of the state’s Financial Plan released today by State Comptroller Thomas … More must be done to promote long-term structural balance and ensure that taxpayers’ dollars are used …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-faces-potential-budget-gapsDiNapoli Releases Review of Executive Budget
… DiNapoli. The budget also proposes billions of dollars in spending that would bypass critical oversight if enacted. … addition, some of the $10 billion multi-year funding for healthcare is proposed without sufficient oversight and … new capital investments in transportation, housing, healthcare and environmental infrastructure, some made …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetNew York State Comptroller Thomas P. DiNapoli Statement on Federal Tax Reform
… in Congress remains a bad deal for New York. "The cap on state and local tax deductions would nullify billions of … the bill is also expected to result in higher health insurance premiums or loss of coverage for many New Yorkers. … York have achieved similar savings. "This bill will also add to New York's heightened uncertainty surrounding state …
https://www.osc.ny.gov/press/releases/2017/12/new-york-state-comptroller-thomas-p-dinapoli-statement-federal-tax-reform-0DiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… increase of $1.9 billion in SFY 2021-22. It authorizes mobile sports wagering through one of the four currently …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budgetDiNapoli Warns Federal Cuts to Health Care Could Hurt Millions of New Yorkers
… The number of New Yorkers who rely on Medicaid and other publicly funded health plans … York's CHP program has grown to approximately $1.7 billion out of the $2 billion in total program costs. Broader … Find out how your government money is spent at Open Book New …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-warns-federal-cuts-health-care-could-hurt-millions-new-yorkersState Comptroller Thomas P. DiNapoli Statement on 2024 State of the State Address
… session upon us, today’s State of the State Address by Gov. Hochul outlined her priorities for 2024, addressing … session upon us todays State of the State Address by Gov Hochul outlined her priorities for 2024 addressing issues …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-thomas-p-dinapoli-statement-2024-state-state-addressDiNapoli: New York on Stronger Financial Footing
… Fund for the first time since 2008, according to a report on the recently enacted state budget released today by State … Still, the $143 billion budget continues to rely, in part, on temporary funding streams to attain balance. “After a … by the Governor and the Legislature,” DiNapoli said. “The on-time Enacted Budget seeks to keep spending growth to less …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingNew Yorkers in Need: The Housing Insecurity Crisis
… physical and mental health impacts. For almost 3 million New Yorkers, housing costs constitute more than 30 percent of … the most commonly used threshold of affordability. In New York, cost burdens are among the most severe in the …
https://www.osc.ny.gov/reports/new-yorkers-need-housing-insecurity-crisisDiNapoli: Unemployment Taxes on Employers Poised To Increase To Repay $9B Owed to Federal Government
… The historic surge in unemployment claims at the onset of the COVID-19 pandemic … State Unemployment Insurance (UI) Trust Fund, resulting in the state borrowing from the federal government to pay … already risen to the highest level permissible under law in 2021. Unless the state or federal government takes …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-unemployment-taxes-employers-poised-increase-repay-9b-owed-federal-government