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DiNapoli: State Tax Receipts Exceed Initial Projections By $7.2 Billion Through First Six Months

State tax receipts in State Fiscal Year (SFY) 2021-22 exceeded the Enacted Budget Financial Plan forecast (May estimates) by $7.2 billion through the end of September, according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli. Tax collections were $1.8 billion greater than forecast by the Division of the Budget (DOB) in the First Quarter Update to the Financial Plan, released last month. Tax receipts through September 30th are $13.4 billion greater than they were through the same month in SFY 2020-21.

COVID-19 Relief Program Tracker, October 2021

Comptroller DiNapoli has launched his new online tool to monitor spending of federal recovery aid and COVID-19 relief programs in the State. The dashboard explains each federal and State program, and how much has been received and spent to date. The data will be updated monthly and New Yorkers can use the tool to understand how federal aid is used and to inform future conversations about budget priorities.

DiNapoli Releases Dashboard Tracking Federal Covid Funding and State Relief Programs

New York State Comptroller Thomas P. DiNapoli announced today the launch of his new online tool to monitor spending of federal recovery aid and COVID-19 relief programs in the state, including funds for excluded workers, childcare providers, emergency rental and homeowner assistance, and small business recovery.

2021 Financial Condition Report

State Fiscal Year (SFY) 2020-21 will long be remembered for the disruption caused by the COVID-19 pandemic and for the resilience demonstrated by New Yorkers in responding to the multitude of challenges.

State Contract and Payment Actions in August

In August, the Office of the State Comptroller approved 1,439 contracts for state agencies and public authorities valued at $1.4 billion and approved more than 18.9 million payments worth more than $14.7 billion. The office rejected 137 contracts and related transactions valued at $149.5 million and more than 14,800 payments valued at more than $8.9 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com. 

Unemployment Insurance Trust Fund: Challenges Ahead, September 2021

The historic surge in unemployment claims at the onset of the COVID-19 pandemic rapidly depleted the New York State Unemployment Insurance (UI) Trust Fund, resulting in the State borrowing from the federal government to pay claims. State UI tax rates have already risen to the highest level permissible under law in 2021. Unless the State or federal government takes significant action, federal UI tax rates on employers will also increase in 2022 and beyond.

Availability, Access and Affordability: Understanding Broadband Challenges in New York State

The State has made progress in making high-speed connections available to New Yorkers; nevertheless, there are still significant challenges. Many predominantly rural areas remain underserved. And one in three low-income households does not have access to broadband, which magnifies disparities in access to opportunities. High-speed connections are an imperative not only for economic development, but also for equality of opportunity.