Main Banner

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

        
Subscribe to Main Banner

DiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses

Jobs in New York City’s technology sector grew over the course of the COVID-19 pandemic, while most other economic sectors suffered job losses, according to a report released today by State Comptroller Thomas P. DiNapoli. The report found that tech sector employment in New York City increased by 33.6% (43,430 jobs) from 2016 to 2021 to reach a record high of 172,570 jobs. The city’s private sector lost 3.3% of jobs during this same period.

DiNapoli Releases Bond Calendar for Fourth Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York State, New York City and their major public authorities during the fourth quarter of 2022.

The planned sales of $5.65 billion include $5.43 billion of new money and $216 million of refundings and reofferings as follows:

DiNapoli: MTA Outlook Shows Growing Need for New Funding as Budget Gaps Widen

The Metropolitan Transportation Authority (MTA) has two years to bring back riders and rebuild fare revenue before federal relief aid runs out, but in that time, it must develop plans to cover budget gaps that start at $2.5 billion in 2025 and grow in the outyears, according to a report on MTA’s financial outlook released today by New York State Comptroller Thomas P. DiNapoli.

State Contract and Payment Actions in August

In August, the Office of the State Comptroller approved 1,555 contracts for state agencies and public authorities valued at $2.7 billion and approved more than 2 million payments worth nearly $10.3 billion. The office rejected 133 contracts and related transactions valued at $727.8 million and nearly 2,800 payments valued at more than $14.3 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: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery

New York City is using the federal funds it received in the wake of the COVID-19 pandemic to replace revenue losses and mitigate negative economic impacts, similar to other major cities in the country, but it has used them at a faster pace than its peer cities, which leaves less available to address future uncertainties, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli Releases Fiscal Stress Scores

A total of 20 local governments in New York State ended their fiscal year 2021 designated in some form of fiscal stress, down from 30 a year ago, State Comptroller Thomas P. DiNapoli announced today. These determinations were made based on the State Comptroller’s Fiscal Stress Monitoring System scores.