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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: Albany Man Who Victimized Elderly NYS Pensioner Sentenced to State Prison

State Comptroller Thomas P. DiNapoli, Rensselaer County District Attorney Mary Pat Donnelly, and New York State Police Superintendent Steven G. James announced that Devin Zielinski was sentenced to serve two to six years in state prison for stealing $230,000 in pension and social security benefits from an elderly victim. Zielinski was also ordered to pay $115,000 in restitution. Zielinski’s partner in the scheme, Amber Diacetis, was previously sentenced to time served in jail, ordered to pay $100,000 in restitution and serve five years of probation.

DiNapoli: State Pension Fund Valued at $297.8 Billion at End of Third Quarter

The estimated value of the New York State Common Retirement Fund (Fund) was $297.8 billion at the Dec. 31, 2025, end of the third quarter of State Fiscal Year 2025-26, New York State Comptroller Thomas P. DiNapoli announced today. Fund investments returned an estimated 2.44% for the quarter and 12.50% for the first nine months of the fiscal year.

DiNapoli: Local Sales Tax Collections Grew in 2025

Local government sales tax collections in New York state totaled $24.4 billion in calendar year 2025, an increase of 4.5%, or $1 billion, from 2024, according to a report released today by State Comptroller Thomas P. DiNapoli. Growth in 2025 was higher than the 3.8% average annual growth rate from the 2010 to 2019 period of recovery following the Great Recession and before the pandemic.

DiNapoli: Bullying and Drug-Related Incidents in Schools on the Rise

A report by State Comptroller Thomas P. DiNapoli found bullying and drug-related incidents statewide are on the rise, even exceeding pre-pandemic highs, while the rates for the number of serious violent and disruptive incidents remained near zero even after students returned to in-school instruction, and have stayed low. The report examined seven years of data from the New York State Education Department’s (SED) School Safety and Educational Climate (SSEC) report.