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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.

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.

DiNapoli: 31 School Districts Designated in Fiscal Stress

Thirty-one school districts were designated in some level of fiscal stress under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System for the school fiscal year (SY) ending June 30, 2025, up from 22 districts in fiscal stress the prior year.

State Comptroller Thomas P. DiNapoli Statement on 2026 Executive Budget Address

“Governor Hochul’s Executive Budget proposes several actions to improve affordability, speed housing construction, expand child care opportunities, mitigate food insecurity, address energy costs and invest in clean water. While commendable, the state’s long-term fiscal challenges persist, as spending growth remains above inflation and the state’s economy and finances continue to be disrupted by actions taken in Washington. Out-year budget gaps are estimated to be $27.5 billion.

DiNapoli: Administrative Streamlining Can Strengthen Fragmented NYC Child Care Programs

A new report by State Comptroller Thomas P. DiNapoli analyzes New York City’s child care services for those under the age of five, including the demand for these programs and current measures of success, and found there are opportunities to utilize existing data to increase the cost efficiency of programs and direct expansion efforts based on the greatest need.