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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

NY Received More From Washington Than It Sent Due to Federal Relief

Historic federal pandemic relief funds, though being spent down, continued to boost New York’s balance of payments with Washington, according to a report issued today by State Comptroller Thomas P. DiNapoli. In Federal Fiscal Year (FFY) 2022, New York state generated $361.8 billion in federal taxes and benefited from $383 billion in federal spending. For every tax dollar paid to Washington, the state received $1.06 in return – a favorable per capita balance of payments of $1,076.

DiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects

New York State’s Environmental Facilities Corporation (EFC) has provided financing for over 2,000 essential local water infrastructure projects totaling more than $23.7 billion since 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, according to a report by State Comptroller Thomas P. DiNapoli.

DiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24

Tax collections for State Fiscal Year (SFY) 2023-24 totaled $106.4 billion, over $2 billion higher than forecast by the Division of the Budget (DOB) in the most recent financial plan, according to the March State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. Tax receipts also exceeded the projection in the Consensus Economic and Revenue Forecast Report, which estimated $1.35 billion in additional receipts above DOB estimates through the end of SFY 2024-25.

State Contract and Payment Actions in February

In February, the Office of the State Comptroller approved 1,533 contracts for state agencies and public authorities valued at $4.8 billion and approved nearly 3.4 million payments worth nearly $12.7 billion. The office rejected 176 contracts and related transactions valued at $3.3 billion and more than 6,200 payments valued at more than $22.9 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

DiNapoli Announces State Pension Fund's 2024 Corporate Governance Stewardship Priorities

New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today outlined the Fund’s stewardship priorities for 2024, including setting expectations related to climate risks, diversity, equity and inclusion (DEI), workforce management, and ensuring a robust governance framework to promote high levels of accountability. DiNapoli also announced the Fund has updated its proxy voting guidelines and released its 2023 Stewardship Report.

DiNapoli Audit: Growing Number of Youth in Juvenile Justice Centers at Risk Due to Staff Shortages

Ongoing staff shortages in juvenile justice centers around New York state are potentially putting youth at risk, according to an audit from New York State Comptroller Thomas P. DiNapoli. The population in secure juvenile justice facilities has grown, straining staff’s ability to properly assess the physical and mental health of youth at intake as physical altercations, illegal drug use, and incidents of self-harm rise.