New York State

Subscribe to New York State

Economic Policy and Insights: Benefits of the Inflation Reduction Act

This report details New York’s financial impact from the energy and environmental portions of the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds that could help lower costs during New York’s transition to clean energy. IRA programs represent a significant source of funding as the State pursues policies to reduce greenhouse gas emissions and improve resiliency. There is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.

DiNapoli Announces Scheduled Sale of $541M State of New York General Obligation Bonds

State Comptroller Thomas P. DiNapoli today announced the details of the upcoming New York state General Obligation bond issue totaling $541.1 million. A competitive sale of tax-exempt and taxable bonds is scheduled for March 18. The state expects to sell $347.8 million of new money for transportation, education and environmental purposes and, depending on market conditions, $193.3 million to refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs.

DiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers

A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.

DiNapoli: Better DEC Oversight of Dams Recommended To Prevent Failures and Safeguard Communities

The New York State Department of Environmental Conservation (DEC) should improve oversight and enforcement of compliance with the state’s dam safety regulations to guard against potential costly and life-threatening failures, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter

New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $273.4 billion at the end of the third quarter of State Fiscal Year 2024-25. For the three-month period ending Dec. 31, 2024, Fund investments returned an estimated -0.14%.

Report on the State Fiscal Year 2025-26 Executive Budget

This assessment of the proposed Executive Budget identifies risks and concerns that underscore the importance of taking action to address the trajectory of State spending and improve the State’s structural imbalance, while continuing to bolster the State’s rainy day reserves. After several years of benefitting from extraordinary pandemic relief funding, the federal-state relationship may be changing in ways that could result in cuts to key State programs, especially in health and social services. The need to strengthen the State’s fiscal position has never been greater.

Thousands of State Computers and Other IT Devices Unaccounted for or Stored With Lax Security

The state’s Office of Information Technology Services’ (ITS) lax inventory records have led to thousands of computers and other costly information technology (IT) equipment being unaccounted for, and the agency destroys new and barely used devices rather than donating or selling them, according to an audit released today by State Comptroller Thomas P. DiNapoli.

DiNapoli Releases Executive Budget Report

In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli identifies risks and concerns that underscore the importance of taking action to address the trajectory of state spending and improve the state’s structural imbalance, while continuing to bolster the state’s rainy day reserves.