New York City forecasts a surplus of $965 million in the fiscal year ending in June 2022 (FY 2022), based largely on the receipt of $750 million in unrestricted federal aid, and projects outyear gaps to drop by nearly a third from earlier estimates, according to a report released today by State Comptroller Thomas P. DiNapoli.
Statewide local sales tax collections grew by 17.5% in November compared to the same month in 2020, State Comptroller Thomas P. DiNapoli announced today. Overall, local collections totaled almost $1.6 billion, up $235 million from November of last year. Collections for the month were also notably robust when compared to pre-pandemic levels, up 9.2% (or $133 million) from November of 2019.
Comptroller DiNapoli and elected officials held a socially distanced press conference in Flushing, NY, to discuss the report. Watch a replay of the live stream.
The New York State Common Retirement Fund (Fund) will invest $2 billion in an index focused on reducing the risks of climate change and capitalizing on the opportunities arising from the transition to a low-carbon economy, State Comptroller Thomas P. DiNapoli, trustee of the fund, announced today. This is part of the Comptroller's Climate Action Plan announced in 2019 and his goal for the Fund of net-zero greenhouse gas emissions by 2040.
New Yorkers in residential drug treatment programs have been poorly served by the failure of the state’s Office of Addiction Services and Supports (OASAS) to inspect and certify that the programs are safe and give proper treatment, both before and during the COVID pandemic, according to an audit released today by State Comptroller Thomas P. DiNapoli.
The MTA should publish a new assessment of its long-term capital needs that pays particular attention to the growing threat climate change poses to transit, and its most recent 20-year needs assessment shows many capital needs are overdue for attention, according to Comptroller Thomas P. DiNapoli’s latest report.
"New York City’s November 2021 Financial Plan modification indicates that the recovery is underway, but that its trajectory is uncertain, with employment growth and improvement in the commercial real estate market expected to slow from earlier projections. The updated financial plan highlights why smart use of the city’s federal relief funds and better-than-projected revenues are necessary to shore up reserves.
A record number of New Yorkers relied on Medicaid for health care in 2021, with monthly enrollment exceeding 7 million for the first time, according to a new report by New York State Comptroller Thomas P. DiNapoli. While enrollment has grown by about 5% per year over the last 15 years, increasing from about one in seven New Yorkers in 1998 to one in three in 2021, state budget projections rely on expectations for significant enrollment declines that may not materialize.
In October, the Office of the State Comptroller approved 1,553 contracts for state agencies and public authorities valued at $1.6 billion and approved more than 2.5 million payments worth more than $11.2 billion. The office rejected 137 contracts and related transactions valued at $218.3 million and more than 3,700 payments valued at nearly $11 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.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
