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NEWS from the Office of the New York State Comptroller
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DiNapoli: NYC Facing Larger Budget Gaps Amid Slowing Economic Growth and Rising Costs

New York City’s budget gaps may reach as high as $10 billion in FY 2027 and grow to $13.6 billion by FY 2029, based on risks including slowing economic growth, rising costs and the restructuring of the funding relationship between the federal government, states and their localities, according to a report released today by State Comptroller Thomas P. DiNapoli on the updated financial plan released by the city in November (November Plan).

DiNapoli: Federal Actions Threaten New York's Farms and Food Production

New York farmers are under increasing economic and financial pressure because of federal policy changes, including higher tariffs, cuts to certain agricultural programs, and stricter immigration enforcement policies, according to a report released today by New York State Comptroller Thomas P. DiNapoli. These challenges could diminish farm production, squeeze profits, and lead to higher prices for consumers.

DiNapoli: NYC Health + Hospitals Confront Tough Fiscal Outlook as Washington Moves to Cut Health Care Spending

New York City Health + Hospitals (H+H) will see pressure on key sources of revenue as Medicaid and low-income patients that rely on federal support lose health insurance, while reimbursement rates for health care programs are cut by Washington, making it harder for the largest public health system in the country to reach its financial goals, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: Gen Z and Young Millennials in New York Struggle With Economic, Affordability Challenges

New York’s young adults — some members of Generation Z (born 1997-2012) and Millennials (born 1981-1996) — are facing a complex economic landscape including higher unemployment rates, increasing costs, and larger debt burdens, that threatens their financial well-being, according to a new report released by State Comptroller Thomas P. DiNapoli.

DiNapoli: New Yorkers Deserve a Transparent Hiring Process When Artificial Intelligence Is Used To Vet Their Job Applications

New York City’s Department of Consumer and Worker Protection (DCWP) is falling short in enforcing Local Law 144 (LL144) which regulates the use of artificial intelligence (AI) in employment decisions, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The audit found that DCWP had trouble identifying non-compliance with the law, particularly when employers did not disclose AI use or post bias audits.

DiNapoli: NYC's Open Streets Program Supported Retail and Restaurant Job Recovery in Manhattan, Brooklyn

New York City’s Open Streets program, initiated in 2020 to transform streets into public spaces, partly to support local businesses during the COVID-19 pandemic, helped support the recovery of more than 67,000 retail and restaurant jobs between the first and most recent year of operation, though the gains were concentrated in areas of Manhattan and Brooklyn, according to a report released today by State Comptroller Thomas P. DiNapoli.

New York State Comptroller DiNapoli Statement on New York City's Preliminary Budget

New York State Comptroller Thomas P. DiNapoli released a statement today on New York City’s preliminary budget. In December, DiNapoli released a budget analysis that estimated that out-year gaps were understated. 

“Given federal funding uncertainty, New York City must plan defensively and be clear about the numbers. I commend Mayor Mamdani for speaking plainly about these stark fiscal realities. 

DiNapoli: Longtime Dunkirk Treasurer Indicted for Embezzling Over $120K From City

State Comptroller Thomas P. DiNapoli and Chautauqua County District Attorney Jason Schmidt announced the indictment and arrest of Mark Woods, the former longtime treasurer of the City of Dunkirk, for public corruption, grand larceny and false filing charges stemming from his alleged theft of over $120,000 from the city and covering up the theft by falsifying city records.