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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: 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.

New York State Comptroller DiNapoli and District Attorney Kindlon: Siblings Indicted for Stealing State Rent-Relief Funds

A pair of siblings have been arraigned on a sealed indictment for allegedly stealing $90,000 in Emergency Rental Assistance Program (ERAP) funds to which they were not entitled, New York Comptroller Thomas P. DiNapoli, Albany County District Attorney Lee C. Kindlon and New York State Police Superintendent Steven G. James announced today.

As part of the scheme, the defendants completed and filed an application containing false information with the Office of Temporary and Disability Assistance (OTDA) to fraudulently obtain funding through the ERAP.

DiNapoli Urges New Yorkers to Spend Holiday Gift Cards

New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to spend and register the gift cards they receive during the holidays to avoid losing track of their money. After five years of inactivity, retailers are required by law to turn unused gift card balances over to the State Comptroller’s Office of Unclaimed Funds (OUF), where the money can always be claimed. In 2025, DiNapoli’s office recovered more than $28 million in unused gift cards that New Yorkers can claim.

DiNapoli: Audit of NYC's CityFHEPS Program Reveals Weak Oversight and Rising Costs

An audit released today by State Comptroller Thomas P. DiNapoli of New York City’s largest housing voucher program found that weak oversight and administrative lapses are contributing to rising costs and placing some vulnerable families in unsafe housing. The program, known as the City Fighting Homelessness and Eviction Prevention Supplement (CityFHEPS) is overseen by the New York City Department of Social Services (DSS), and it is designed to help low-income New Yorkers avoid homelessness.

DiNapoli Releases Bond Calendar for First Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York state, New York City and their major public authorities during the first quarter of 2026.

The planned sales of $5.34 billion include $3.89 billion of new money and $1.45 billion of refundings as follows:

DiNapoli: State Health Department Oversight of Lead Service Line Replacement Program Needs Improvement

An audit released today by State Comptroller Thomas P. DiNapoli found a lack of sufficient controls and guidance from the Department of Health (DOH) for a state program intended to help municipalities replace lead drinking water service lines. The audit found millions of dollars in state funds left unused or spent on administrative costs rather than replacing lead lines and found that some communities with children with higher blood lead levels were not prioritized.