DiNapoli Op-Ed in Times Union: NY Needs an Independent Commission to Review State's COVID Response
The Times Union published an op-ed from New York State Comptroller Thomas P.
The Times Union published an op-ed from New York State Comptroller Thomas P.
One in 10 locally owned bridges in New York state is rated in poor condition, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State is a leading agricultural state with 36,300 farms that produced $4.7 billion in products in 2010. New York ranks among the largest producers in the nation for some products, including ranking second in wine production.
State Fiscal Year 2023-24 was another productive year for the Office of Unclaimed Funds, returning $504 million to rightful owners.
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.
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.
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.