This annual report summarizes the results of all the State agency and public authority audit reports issued by the Office of the State Comptroller from October 1, 2023 through September 30, 2024.

Due to ongoing economic growth, SFY 2023-24 closed in a stronger-than-expected position, with revenues that were greater than anticipated by the Division of the Budget.

The Annual Comprehensive Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2025.

Due to ongoing economic growth, SFY 2024-25 closed in a stronger-than-expected position, with revenues that were greater than anticipated by the Division of the Budget.

The Annual Comprehensive Financial Report for the State of New York for the fiscal year ended March 31, 2025.

This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2023. In FYE 2023, local governments and school districts were generally able to maintain fund balance levels and cash on hand due to pandemic-related federal funding and large increases in state aid, while lower inflation compared to FYE 2022 tempered growth in expenditures on equipment and materials. | NYS Local Government Interactive Data

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. Mindful of the current economic trajectory and what is transpiring in Washington, the City must make balanced and sustainable fiscal choices this year to manage its substantial operational needs and encourage employment and business growth.

The New Yorkers’ Financial Snapshot brings together recent data from national and State sources to provide an overview of household financial health. This snapshot examines key indicators such as income, assets, debt, and financial stress, offering insight into how New Yorkers have fared in recent years and how they compare to national trends.