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Changes in Federal Policies Pose Significant Risks for New York City's Budget
… shifts in federal fiscal policies constitute the greatest risk to the city since the Great Recession," DiNapoli said. … planned; Proceeds from the sale of taxi medallions could fall short of expectations given the competition from other … to face serious financial challenges. Read the report , or go to: http://osc.state.ny.us/osdc/rpt8-2018.pdf For …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… year (FY) 2022 due to federal aid, better-than-projected tax revenues, and planned savings, according to a report … expected to provide $1.7 billion in better-than-projected tax revenues in FY 2022, according to its February plan. The … returning to its 10-year pre-pandemic average. Property tax revenues are now expected to rise in FY 2023 by $1.5 …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli: Wall St. Profits on Pace to Beat 2016
… Securities industry profits totaled $12.3 billion in the first half of … everyday Americans and the broader economy in harm's way." Industry performance is traditionally measured by the pretax … from wealth management was up 20 percent. The securities industry added 11,100 jobs in New York City during the past …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-wall-st-profits-pace-beat-2016DiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
… The loss of 44,400 construction jobs due to the COVID-19 pandemic in 2020 was the state’s worst annual … building industry has been significantly impacted by the COVID-19 pandemic and resulting economic fallout,” said Carlo … and to keep our region moving forward.” “The COVID-19 pandemic created uncertainty across all sectors of …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-jobs-nyc-construction-industry-took-huge-hit-during-pandemic-over-14-declineDiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… 2019 and its associated financial plan project a surplus of $2.6 billion in the current fiscal year, ending on June 30, which will be used to balance the 2019 budget, according to a … peak. More jobs were added in the boroughs outside of Manhattan than in any other expansion. The city’s …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedState Comptroller Thomas P. DiNapoli Statement on New York City's Executive Budget
… “New York City’s $98.6 billion executive budget for FY 2022 and its financial plan for FY 2022–FY 2025 reflect a drastically improved short-term budget … by more than $15 billion in federal relief since December and better-than-projected revenues. “The city plans to help …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-executive-budgetLocal Governments Should Improve Accessibility for New Yorkers
… Municipalities should consider improving physical accessibility to their facilities for people with disabilities, according to a report released … issues that can be fixed quickly with little cost. Municipalities around New York are committed to ensuring … Municipalities should consider improving physical …
https://www.osc.ny.gov/press/releases/2025/05/local-governments-should-improve-accessibility-new-yorkersDiNapoli: Wall St. 2021 Profits near Record Levels
Wall Streets run of prosperity extended into the first half of 2021 with $31 billion in pretax earnings beating 2020s outsized first half profits of $276 billion even as job losses accelerated in New York Citys securities industry according to State Comptroller DiNapolis annual report
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-wall-st-2021-profits-near-record-levelsOpinion 92-53
… effective. With respect to whether the State Comptroller's approval is required of the county's new distribution … of the state comptroller". Thus, the Comptroller's approval is required only when a sales tax agreement is … Whether the State Comptrollers approval is required of the countys new sales tax …
https://www.osc.ny.gov/legal-opinions/opinion-92-53DiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… levels. The city should continue to identify opportunities for agency savings, which will provide added budgetary flexibility." New … Tax collections, after increasing at an average annual rate of 6.9 percent from FY 2011 through 2015, slowed to less …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetLinkNYC Program Revenues and Monitoring (Follow-Up)
… emerging technologies, and procuring citywide IT services. In December 2014, the City entered into a Franchise … was subsequently amended in May 2018 to revise the installation period to 10 years and further amended in 2021 … requirements, including a 45-day time frame between installation and activation, preventive maintenance and …
https://www.osc.ny.gov/state-agencies/audits/2023/09/26/linknyc-program-revenues-and-monitoring-followDiNapoli Releases New Tool for Monitoring NYC 311 Complaints
… As measured through NYC311 requests, the demand for city services has surged in recent years. Calls to 311 climbed to … than 192 complaints per 1,000 residents in the Fordham, Bedford Park and Norwood sections. DiNapoli’s report found … are, by far, the most frequently demanded non-emergency services. The new NYC311 Monitoring Too l filters out …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-releases-new-tool-monitoring-nyc-311-complaintsDiNapoli High-Tech is on the Rise in NYC
… High-tech is one of the fastest growing industries in New York City, growing four times faster than the rate of job growth in the rest of the city’s economy, with annual salaries that … We’re proud that our Common Retirement Fund’s In-State Program has helped many new high-tech firms get off …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycDiNapoli Report Looks at New York City Metro Area's Import and Export Economies
… The New York City Metropolitan Area accounted for more than $103 billion, or 69%, of the value of goods imported to New York state. In 2023, Europe provided the largest share of … among all regions, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The report, …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-report-looks-new-york-city-metro-areas-import-and-export-economiesDiNapoli: Wall Street Bonus Pool Reaches Record High of $47.5 Billion in 2024
… to employees in New York City’s securities industry for 2024 reached $244,700, up 31.5% from last year, according to … COVID-19 pandemic highs. Wall Street’s profits rose 90% in 2024. “The record high bonus pool reflects Wall Street’s very strong performance in 2024,” DiNapoli said. “This financial market strength is good …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-wall-street-bonus-pool-reaches-record-high-475-billion-2024DiNapoli: Wall St. First Half Profits Jumped
… economic growth. My office will continue to keep a close eye on the securities industry as the year progresses, …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedDiNapoli: NYC Budget Benefiting From Strong Economy
… and $2.9 billion, respectively. These gaps are relatively small (ranging from 2.1 percent to 4.6 percent of city fund …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyCase Management
… Objective To determine whether the New York City Department for the Aging provided and paid case management services appropriately for eligible seniors. The audit covered the period from … through October 2022. About the Program An important goal for many older adults and their families is to be able to …
https://www.osc.ny.gov/state-agencies/audits/2023/07/26/case-managementSection 8 Housing Choice Vouchers – Federal Funding and New York
… size. In general, an applicant’s income may not exceed 50 percent of the area’s median family income. In New York … by NYCHA. Because HUD payments were delayed in February of 2025, NYCHA announced they will be withholding future … risk if funds were reduced going forward. Impact In November 2024, more than 36,000 households received …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/section-8-housing-choice-vouchersCaucus 2025: Important Information for New Yorkers
… Lingering Challenges in the Child Care Sector (February 2025) Health & Mental Health Continuing Crisis: Drug Overdose … Reductions in Homelessness Among New York's Veterans (November 2023) Protecting Our Elderly Population: Select … (October 2024) A Profile of Agriculture in New York State (November 2024) The Critical Role of Nonprofits in New York …
https://www.osc.ny.gov/reports/caucus2025