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DiNapoli: Public Authority Debt Ballooned to $329 Billion

… protection, housing and economic development. As of July 2022, there were 1,178 public authorities in New York, … covering public authority fiscal years ending in 2021 or 2022, state and local public authorities reported total … used public authorities for borrowing: As of March 31, 2022, public authorities had issued approximately 97.2% of …

DiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid

… surplus of $965 million in the fiscal year ending in June 2022 (FY 2022), based largely on the receipt of $750 million in … four years, but $8.8 billion is planned to be spent in FY 2022, leaving less than $5 billion over the remaining three …

DiNapoli: NYC Tourism Approaches Full Recovery, Still Top Major U.S. Tourist Destination

… sector’s record $53.8 billion in economic impact in 2022 accounted for 4.5% of the city’s gross product that … visitors to the Big Apple in 2023 were 7% more than in 2022, equivalent to 95.3% of those who visited in 2019. … retail jobs down by 9,172 (16.8%). From 2019 to 2022, wages among tourism-related jobs grew more slowly than …

DiNapoli: 2023 Wall Street $34 Billion Bonus Pool Relatively Flat Over 2022

… billion bonus pool for 2023, which closely matched the 2022 pool, was well below the 25% growth seen in 2020 ($37.1 … the state’s tax collections, for State Fiscal Year (SFY) 2022-23, and $5.4 billion in city tax revenue, 7% of total tax collections for City Fiscal Year (CFY) 2023. In 2022, bonuses generated $447 million less in state income tax …

DiNapoli: More State Involvement Needed to Address Local Emergency Medical Services Challenges

… New York City) had over 40,000 active EMS workers. By 2022, there were only 33,000, a decline of 17.5%. EMS … rescue squads has remained relatively steady from 2012 to 2022. Expenditures for these services, however, have been … small, reflecting 1.8% and 4.9% of the total in 2012 and 2022, respectively. Still, annual financial reports show that …

DiNapoli Analyzes Post-Pandemic Tourism Across NYS

… levels. Other key findings: Domestic Travel Up: In 2022, there were 355 million non-work trips made by residents … hayrides, has grown in New York. There were 947 farms in 2022 earning over $55 million from agritourism. This was … Valley had the most farms with agritourism income in 2022, while the Finger Lakes region farms had the highest …

What's New

… for Virtual Currency APL1319 Effective November 22, 2022, legislation was enacted to amend New York State’s … a five-year dormancy period (which begins on November 22, 2022 for the first report for this new type of property). … on December 10, 2021, to be effective on December 10, 2022. The bill amends General Business Law §396-i by further …

Controls Over Tablet and Kiosk Usage by Incarcerated Individuals

… audit covers the period from February 2019 through August 2022. About the Program The Department is responsible for the …

Climate Act Goals – Planning, Procurements, and Progress Tracking

To determine if the Public Service Commission PSC and the New York State Energy Research and Development Authority NYSERDA adequately planned to achieve the Climate Leadership and Community Protection Act Climate Act goals followed proper procurement practices for projects designed to

Transformation of the MTA

… audit covers the period from January 2017 through October 2022. About the Program In April 2019, the New York State …

2022 Financial Condition Report – 2022 Financial Condition Report

Selected State Agencies’ Roles in Financial Literacy

… Our audit scope covered the period January 2018 to March 2022. About the Program Not only is financial literacy … DFS was required to post it to its website by January 1, 2022. Agencies and authorities are also required to send any … agencies and authorities, as required, but as of February 2022 had taken no action to help ensure that it had received …

DiNapoli: NYC Office Market Will Take Years to Recover From Pandemic

… $850 million in property taxes in City Fiscal Year (FY) 2022. Timing its recovery is an open question, however, as … estimated at $172 billion in FY 2021, fell 16.6% in the FY 2022 final assessment roll, the first decline in total office … to a 5.2% decline in overall billable values in FY 2022, the first decline in more than 20 years. Some of the …

Town of Seneca Falls – Information Technology Audit Follow Up (2018M-218-F)

… the Town of Seneca Fall’s (Town) progress, as of July 2022, in implementing our recommendations in the audit report …

Town of Seneca Falls – Financial Management Audit Follow Up (2018M-266-F)

… the Town of Seneca Fall’s (Town) progress, as of September 2022, in implementing our recommendations in the audit report …

Town of Seneca Falls – Audit Follow Up (2018M-144-F)

… the Town of Seneca Falls (Town) progress, as of July 2022, in implementing our recommendations in the audit report …

Town of Addison – Supervisor's Fiscal Responsibilities Audit Follow Up (2019M-3-F)

… the Town of Addison’s (Town) progress, as of December 2022, in implementing our recommendations in the audit report …

Addison Central School District – Financial Condition Audit Follow Up (2016M-30-F)

… was to assess the District’s progress, as of October 2022, in implementing our recommendations in the audit report …

Brighton Central School District – Separation Payments Audit Follow Up (2016M-119-F)

… review was to assess the District’s progress, as of July 2022, in implementing our recommendations in the audit report …