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DiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… slowing, according to a report released today by New York State Comptroller Thomas P. DiNapoli. "The city’s economy is … An estimated $20 billion in federal funds flow through the state budget to provide Medicaid benefits to city residents. … of $4 billion. Read the report , or go to: http://www.osc.state.ny.us/osdc/rpt9-2017.pdf For access to state and local …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli: MTA Capital Funding Gap May Exceed $12 Billion
… its transit assets (e.g. bridges, tunnels, commuter rail cars, subway cars, signals and stations) to determine their condition. The … of the subway system has improved since 1982. Subway cars now travel, on average, 150,000 miles between …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
State tax collections totaled $186 billion in the first quarter of the new fiscal year $12 billion less than the same period last year and $3157 million below projections according to the state cash report issued today by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: State Contractor Failed to Pay Prevailing Wages
… set for the locality where the work is performed, but my auditors found numerous violations committed by the …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-state-contractor-failed-pay-prevailing-wagesDiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… Retirement Fund’s (Fund) investment return was 5.84% for the state fiscal year that ended March 31, 2025. The Fund … other economic and geopolitical issues causing uncertainty for investors that is likely to continue in the short term,” … historic value and rate of return in prior years Return for Third Quarter Return for 2024 …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25NY ABLE Program Helps New Yorkers With Disabilities Cover Costs
… Marcus Molinaro urged local residents to sign up for a new savings plan, called the New York Achieving a Better Life … to ‘ThinkDIFFERENTLY' and developing this critical savings program that can help provide peace of mind when … DiNapoli's office also oversees New York's 529 College Savings Program. The legislation was sponsored by Senator …
https://www.osc.ny.gov/press/releases/2017/12/ny-able-program-helps-new-yorkers-disabilities-cover-costsDiNapoli: DMV Must Do More to Crack Down on Unregistered Auto Repair Shops
… and repair shops with lapsed registrations and found 22 percent of these businesses with strong indications of … January 1, 2014 and December 16, 2016, nearly a quarter (22 percent) warranted further investigation by DMV and had … was made. In fact, auditors determined that 489 of these cases took more than 17 months from the time the complaint …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-dmv-must-do-more-crack-down-unregistered-auto-repair-shopsDiNapoli: New York May Be Paying Medicaid Premiums for People Living Out-of-State
… million), or the member’s eligibility was flagged to be closed but was not officially ended and premiums continued to … be paid ($65 million). Even when DOH and Local Districts closed the eligibility of members identified by the PARIS … in premium payments for members whose eligibility was closed or not properly closed, and recover the payments where …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-new-york-may-be-paying-medicaid-premiums-people-living-out-stateDiNapoli: NYC FY 2025 Budget Balanced With Strong Revenues and Cost Savings
… initiatives have helped New York City’s fiscal year (FY) 2024 budget generate a projected year-end surplus of $3.9 billion that will be used to prepay expenses for the next fiscal year, helping the … cuts. As a result, the city has restored $73 million in FY 2024 and an average of more than $200 million annually …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-nyc-fy-2025-budget-balanced-strong-revenues-and-cost-savingsDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… EFC uses these resources along with state funds to provide subsidized loans and grants to municipalities for drinking … water, wastewater treatment, and other projects, with interest and loan repayments used to finance additional projects. Between …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: 14 School Districts Designated in Fiscal Stress
… stress category has fallen considerably over the past three years. This year there was a particularly steep drop … monitoring system, which excludes New York City and the “Big Four” City School Districts of Buffalo, Rochester, … by school districts (excluding New York City and the Big Four) increased from $13.8 billion in SY 2020-21 to $15 …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-14-school-districts-designated-fiscal-stressDiNapoli: Young People in NYC Still Face Double-Digit Unemployment
More than two years after the height of the COVID19 pandemic young people in New York City continue to face doubledigit unemployment with young men experiencing the greatest challenges in finding work according to a report released today by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-young-people-nyc-still-face-double-digit-unemploymentDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… tax revenues, and planned savings, according to a report released today by State Comptroller Thomas P. DiNapoli … fund revenue, in line with pre-pandemic levels. DiNapoli’s report notes that while the city’s current financial … to emerge during the plan period as well. DiNapoli’s report also found that the city anticipates $6.6 billion in …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli: 31 School Districts Designated in Fiscal Stress
… Thirty-one school districts were designated in some level of fiscal … P. DiNapoli’s Fiscal Stress Monitoring System for the school fiscal year (SY) ending June 30, 2025, up from 22 … of the relief funding having been spent, the number of school districts in fiscal stress has returned to …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-31-school-districts-designated-fiscal-stressDiNapoli: Pandemic Disrupts Special Education; Many Students Missing Mandated Services
… special education services because of school shutdowns and the shift to remote learning during the pandemic that likely exacerbated pre-existing achievement gaps, … special education services because of school shutdowns and the shift to remote learning during the pandemic that likely …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-pandemic-disrupts-special-education-many-students-missing-mandated-servicesDiNapoli Releases October State Cash Report
… P. DiNapoli. However, tax collections of $4.7 billion in October were 13.8 percent higher than those of October … May, but $57.3 million higher than projections included in the Mid-Year Update to the Financial Plan, issued by the … initial projections. DOB again reduced projections for PIT in the Mid-Year Update. "With personal income taxes falling …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-releases-october-state-cash-reportXVII.2 Overview – XVII. Lapsing Appropriations
… appropriations lapse after close of business on June 30 or the first business day following if June 30 falls on a non-business day. Local Assistance, Community … appropriations lapse after close of business on June 30 or the first business day following if June 30 falls on a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii2-overviewState Fiscal Year 2022-23 Enacted Budget Analysis
… from the hazards of extreme weather; mitigate greenhouse gas and other air pollutant emissions; improve drinking and …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisInflation in the New York City Metropolitan Area
… In the NYC metro area, it is food (13 percent); in the Los Angeles metro area, it is transportation (16 percent). … 9.1% Dallas 2.7% 1.0% 3.4% 9.0% Nation 1.9% 1.5% 2.6% 8.5% Los Angeles 2.7% 1.9% 2.2% 8.5% Minneapolis 2.3% 1.2% 3.0% … Boston, Chicago, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, Minneapolis, New York, …
https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-areaDiNapoli: Eight Villages, Three Cities Designated in Fiscal Stress
… each of which have fiscal years ending on June 30. For the fiscal years ending 2020, the three cities in … In January, DiNapoli released fiscal stress scores for school districts which found 31 school districts … . In September, DiNapoli’s office will release scores for municipalities with a calendar-year fiscal year, which …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-eight-villages-three-cities-designated-fiscal-stress