Wall Street’s profits could top $60 billion in 2025 if current trends continue, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The securities industry earned $30.4 billion in the first half of 2025, a faster pace than last year, when full year profits totaled $49.9 billion, the fourth-highest level on record. DiNapoli anticipates profits and bonuses could help generate higher-than-expected city and state tax collections if this pace continues.

New York State Comptroller Thomas P. DiNapoli, Rensselaer County District Attorney Mary Pat Donnelly, and New York State Police Superintendent Steven G. James announced the arrest of a former Troy Housing Authority information technology (IT) employee for the alleged theft of $7,089 in wages. Marsden Chen is accused of running his own company, Diagnostic Services & Installations, while clocked in at his job for the housing authority.

Assistance fell short for vulnerable adults in New York City because Adult Protective Services (APS) experienced staff shortages and high caseloads, according to an audit by New York State Comptroller Thomas P. DiNapoli. The audit found that inadequate state oversight led to missed visits and delayed service plans, leaving some adults with physical or mental challenges without timely services.

New York State Comptroller Thomas P. DiNapoli, Acting United States Attorney for the Northern District of New York John A. Sarcone III, and Acting Inspector General for U.S. Department of Transportation Office of Inspector General Mitch Behm announced the indictment of Jael Watts, the owner of Pearl Transit Corp., on ten counts of wire fraud for her role in a scheme to defraud New York State of over $1.2 million in transportation grant funds.

State tax receipts totaled $59.9 billion through September, the middle of State Fiscal Year (SFY) 2025-26, $702.2 million higher than financial plan estimates from the Division of Budget (DOB), according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.

New York State Department of Agriculture and Markets’ (Ag & Markets) initiative to reimburse school districts at a higher rate if at least 30% of the costs for lunch is spent on eligible New York produced and processed food is growing, but it could better meet its objectives if some administrative burdens were addressed, according to an audit released today by State Comptroller Thomas P. DiNapoli.

The stability of the Metropolitan Transportation Authority’s (MTA) finances is increasingly reliant on its ability to find significant savings, grow ridership, and efficiently execute capital improvements, according to State Comptroller Thomas P. DiNapoli’s annual review of the authority’s fiscal outlook.

The New York City metropolitan area is the second largest market for venture capital (VC) funding in the United States, with $28.5 billion in investments, or 13.3% of the national total in 2024. The amount invested in the region has more than doubled since 2015, according to a report released today by State Comptroller Thomas P. DiNapoli. Individual deals valued at more than $50 million drove growth nationally. 

Office of General Services – Capital Asset Management (Follow-Up) (2025-F-2) 

New York State has a significant investment in capital assets, which the Office of General Services (OGS) considers to be any property with a significant value that is used over a long period of time.

New York State Comptroller Thomas P. DiNapoli released the following statement today on the shutdown of the federal government: