New York State

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.

Lingering Challenges in the Child Care Sector

New York’s child care sector continues to face lingering challenges post-pandemic including child care deserts, low wages for child care workers and high prices that are putting a financial strain on families statewide. Yet even with high prices, many providers operate on thin margins, with financial and regulatory pressures that make expansion or even operating at capacity challenging. Vigorous federal support and additional State efforts are necessary to improve the availability of child care.