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

DiNapoli: NYC Fiscal Year 2024 Budget Balanced, but Out Year Gaps Continue to Grow

New York City faces spending risks that could increase its budget gaps for Fiscal Years (FY) 2025 through 2027 to an average of $12.6 billion annually, fueled by spending choices made during the pandemic, underbudgeting for recurring spending, and significant costs associated with the influx of asylum seekers into the five boroughs, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: Local Government Employment Outside NYC Fell Nearly 39,000 Since 2007

The number of full-time local government workers employed outside of New York City shrank 7.9% from 491,102 to 452,298 from 2007 through 2022, according to a report by New York State Comptroller Thomas P. DiNapoli. New York’s decline in local government employment stands in contrast to the nation as a whole, which saw a 2% increase in the number of full-time employees over this 15-year period.

State Contract and Payment Actions in October

In October, the Office of the State Comptroller approved 1,958 contracts for state agencies and public authorities valued at $2.1 billion and approved more than 2 million payments worth nearly $14.6 billion. The office rejected 159 contracts and related transactions valued at $2.4 billion and nearly 2,300 payments valued at nearly $10.4 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.