Homeownership Rates in New York
Message from the Comptroller
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The Technology Sector in New York City, October 2022
Technology 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. Businesses in the tech sector also grew, accounting for 22.3 percent of the City’s total private firms added during the same period. Most of these firms consisted of fewer than 10 employees and contributed to the citywide growth in microbusinesses during the pandemic.
Financial Outlook for the Metropolitan Transportation Authority - October 2022
Over the last year, the fiscal position of the MTA has deteriorated, as transit ridership continued to lag at the low end of the authority’s projections. The MTA has two years to bring back riders and rebuild fare revenue before federal aid runs out. In the meantime, it must develop plans to cover budget gaps that start at $2.5 billion in 2025.
Focus on Identity Theft
You probably know or have heard about someone whose personal information was stolen to file false unemployment claims or credit card applications or to gain access to bank or social media accounts. The consequences of identity theft can be devastating for victims, ranging from having to rebuild a ruined credit history to having trouble renting an apartment or buying a home, obtaining a tax benefit or receiving a loan.
A Comparison of Fiscal Recovery Funds Utilization: NYC and Peers
The American Rescue Plan Act of 2021 provided $350 billion in additional fiscal relief to address the continued impact of COVID-19 on the economy, public health, and the finances of state and local governments, individuals and businesses. This report examines how New York City and other local governments across the country used the first of two partial payments of these funds, totaling nearly $224 billion.
BPA Drug Overdoses - Google Charts
Continuing Crisis: Drug Overdose Deaths in New York
Message from the Comptroller
Household Debt in New York State
New Yorkers and consumers across the nation are experiencing growing household debt. The average household debt in New York climbed to a new high of $53,830 at the end of 2021. While New Yorkers trail the national average debt burden ($55,810), student loan and credit card debt per capita were well above the national average, with student loan balances 335% higher than they were in 2003.
Local Sales Tax Collections Up Nearly 12% in July
Local sales tax collections in New York state increased by 11.9% in July compared to the same month in 2021. Overall, local collections totaled $1.8 billion, up $188 million as compared to July of last year.
Local Sales Tax Collections in August Increase by Nearly 13% Over Last Year
Local sales tax collections in New York state increased by 12.6% statewide in August compared to the same month in 2021. Statewide local collections totaled $1.7 billion, up nearly $192 million from the same time last year.