New York State

State Contract and Payment Actions in March

In March, the Office of the State Comptroller approved 1,693 contracts for state agencies and public authorities valued at $9.6 billion and approved nearly 3.1 million payments worth more than $24.9 billion. The office rejected 127 contracts and related transactions valued at $540 million and more than 6,700 payments valued at nearly $25.4 million. More information on these contracts and payments is available at www.openbooknewyork.com.

State Comptroller DiNapoli Releases Analysis of Enacted State Budget

The $175.5 billion State Fiscal Year (SFY) 2019-20 Enacted Budget includes actions to manage spending and generate nearly $1 billion in additional revenue this year, while providing increased funding for education, health care and mass transit, according to a report released today by State Comptroller Thomas P. DiNapoli. At the end of March, the Division of the Budget (DOB) also made the first deposit into the state’s rainy day reserves since 2015.

DiNapoli: State Tax Collections Decline $3.7 Billion in Fiscal Year 2018-19

Tax receipts for State Fiscal Year 2018-19 declined $3.7 billion, or 4.7 percent, from the previous year to $75.6 billion, according to the year-end state cash report released today by State Comptroller Thomas P. DiNapoli. The state ended its fiscal year on March 31 with a General Fund balance of $7.2 billion, higher than recent projections but a decline of $2.2 billion from the prior fiscal year.

DiNapoli: State Agency Overtime Pay Hits $787 Million

Overtime pay in 2018 at state agencies was at the highest level within the past decade, rising to $787 million, according to a report by State Comptroller Thomas P. DiNapoli. Overtime hours also rose, with 18.1 million hours worked.

“New York state’s overtime pay has seen significant growth in the past decade,” DiNapoli said. “As the state confronts increasingly high costs for overtime, New York needs to find ways to better manage costs while providing taxpayers with critical services.”

DiNapoli Releases Recommendations From Decarbonization Advisory Panel

State Comptroller Thomas P. DiNapoli today released the report from the Decarbonization Advisory Panel. The report examines the financial impacts of climate change on the New York State Common Retirement Fund (Fund) and recommends ways for the Fund to build on its climate change work to protect and add value for the public workers that rely on it for retirement.

State Contract and Payment Actions in February

In February, the Office of the State Comptroller approved 1,494 contracts for state agencies and public authorities valued at $4.3 billion and approved more than 3.9 million payments worth more than $9.8 billion. The office rejected 145 contracts and related transactions valued at $190 million and nearly 3,600 payments valued at nearly $15.8 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: Small Business Growth in New York Outpaced National Average

Employment among New York’s small businesses has increased slightly faster than the national pace, according to a report released today by State Comptroller Thomas P. DiNapoli. The report, based on the most recent data available from the U.S. Census Bureau, examined the five-year trend from 2011 through 2016.