This report summarizes project and financial data submitted by industrial development agencies (IDAs) for fiscal year 2023 — the most recent data available — through the Public Authorities Reporting Information System. It also contains a brief discussion of local development corporations (LDCs), a related type of local authority. For regional and individual IDA summary-level data, see our Interactive Map.
This report summarizes data for fiscal year 2022, the most recent data reported by IDAs through the Public Authorities Reporting Information System. The report also contains a brief discussion of local development corporations, a related type of local authority. For regional and IDA-level summary data, see our Interactive Map.
In the throes of the economic uncertainty and fiscal turbulence caused by the COVID crisis, legislation was enacted as part of the SFY 2021-22 budget authorizing the use of State-supported bonding with final maturities up to 50 years for capital purposes for the Metropolitan Transportation Authority. This legislation has been reauthorized and proposed again in the State Fiscal Year 2024-25 Executive Budget.
This listing includes all final audit reports related to State agency and public authority operations issued during the five-year period from October 1, 2017 through September 30, 2022, and is a companion to the 2022–2023 Annual Report on Audits.
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, 2022 through September 30, 2023.
In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because the State budget provided dedicated sources of revenue to close projected budget gaps. With this improved financial picture, the burden is now on the MTA to improve the region’s transit system and win riders back, while keeping its budget balanced.
This report summarizes data for fiscal year 2021, the most recent data reported by IDAs through the Public Authorities Reporting Information System. The report also contains a brief discussion of local development corporations, a related type of local authority. For IDA-level summary data, see our Interactive Map.
Last year the New York State Thruway Authority proposed a multi-year schedule of toll increases to begin in 2024. This report provides a summary of the Thruway Authority’s current and forecasted revenue and expenses, factors that have impacted its finances over the past several years, the toll increase proposal, and considerations to help guide the assessment of the proposal.
This report provides the public detailed information about State and local public authorities and makes recommendations to improve transparency and eliminate use of backdoor borrowing and debt gimmicks that seek to weaken or circumvent debt limits.
New York's local Industrial Development Agencies (IDAs) reported 4,262 active projects with a total value of $114 billion in 2020, an increase of $5.3 billion from the prior year, according to an annual report on IDAs.
