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DiNapoli: State Clean Energy Fund Makes Progress on Developing Solar Capacity, But Energy Efficiency Lags

New York’s Clean Energy Fund (CEF), established in 2016 to help New York reach its clean energy goals, has made good progress on reaching its goals for distributed solar capacity and leveraged funds, but is behind in meeting its energy efficiency targets for 2025, according to a report from New York State Comptroller Thomas P. DiNapoli. Since 2016, the CEF spent $3.4 billion through 2023 and has achieved 45% of its total efficiency goals.

Report on the State Fiscal Year 2024-25 Enacted Budget Financial Plan

New York’s financial outlook is in a relatively stable position, but continues to have a structural budget deficit, with a cumulative three-year budget gap of $13.9 billion forecasted by the Division of the Budget. Action is needed to align projected state spending with revenues and address factors that challenge the state’s finances, economic competitiveness, and ability to offer services effectively over the long term.

DiNapoli Releases Report on SFY 2024-25 Financial Plan

New York’s financial outlook is in a relatively stable position, but continues to have a structural budget deficit, with a cumulative three-year budget gap of $13.9 billion forecasted by the Division of the Budget (DOB), according to a report by State Comptroller Thomas P. DiNapoli on the State Fiscal Year (SFY) 2024-25 Enacted Budget Financial Plan.

DiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals

The Public Service Commission (PSC) and the New York State Energy Research and Development Authority (NYSERDA) have taken considerable steps in planning for New York State’s transition to renewable energy but must take stronger action to meet the state’s clean energy goals, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: 1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections

State tax receipts totaled $29.9 billion through the first quarter of State Fiscal Year (SFY) 2024-25, $594 million higher than estimates released by the Division of the Budget (DOB) in the Enacted Budget Financial Plan. In addition, collections were $2.2 billion higher than those through June 2023, according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: Tax Cap Remains at 2% for 2025

Property tax levy growth will be capped at 2% for 2025 for local governments that operate on a calendar-based fiscal year, according to data released today by State Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities and 13 villages.

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 2,216 contracts for state agencies and public authorities valued at $193.9 billion and approved more than 2 million payments worth nearly $15.6 billion. The office rejected 288 contracts and related transactions valued at $517.9 million and more than 1,700 payments valued at nearly $9.1 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

DiNapoli Analyzes Post-Pandemic Tourism Across NYS

Tourism in New York state has grown post-pandemic but employment in tourism-related industries remains 4.3% below pre-pandemic levels, according to an analysis released by New York State Comptroller Thomas P. DiNapoli. The report found strong increases in domestic and international travelers to the state. In particular, visitors flocked to outdoor destinations, with attendance at state parks 9.1% higher in 2023 than 2020.