Every year, certain issues emerge as particular challenges in the State Budget. Clearly, among the most difficult this year is the structural budgetary imbalance in the State’s Medicaid program.
New York State has experienced difficult budgets many times over its history. Seldom if ever, however, has the State faced the level of economic and revenue challenges identified in this year’s Enacted Budget Financial Plan as a consequence of the COVID19 pandemic.
The Office of the State Comptroller estimates that the State’s tax revenues will decline by 5.6 percent or $4.7 billion in SFY 2020-21 compared to the previous year. Such revenues are projected to grow by 1.6 percent in SFY 2021-22, and to increase by 4.3 percent in SFY 2022- 23
In October, the Office of the State Comptroller approved 1,469 contracts for state agencies and public authorities valued at $44.7 billion and approved nearly 12.4 million payments worth nearly $12.4 billion.
New York leads the nation in what it pays to the federal government compared to what it gets back from Washington, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
State tax revenues through October totaled $43.8 billion, $3 billion lower than the same period in the previous fiscal year, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
As policymakers consider possible expansion of revenue streams from gaming, New York State Comptroller Thomas P.
The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 was 6.24 percent for the three-month period ending Sept.
In September, the Office of the State Comptroller approved 1,185 contracts for state agencies and public authorities valued at $48.9 billion and approved more than 27.1 million payments worth more than $25.9 billion.
