New York State
The New York State Dedicated Highway and Bridge Trust Fund: At a Crossroads, January 2022
While the Dedicated Highway and Bridge Trust Fund was intended to provide a reliable, dedicated stream of funding for the State’s transportation projects, it long ago ceased to serve this purpose and is now largely devoted to repaying past borrowings and supporting current operating costs. As a result, vital highway and bridge projects are at increased risk because the State continues to use these limited resources primarily for purposes other than financing current capital projects.
DiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
State Contract and Payment Actions in December
In December, the Office of the State Comptroller approved 1,484 contracts for state agencies and public authorities valued at $1.6 billion and approved more than 2.1 million payments worth more than $13.6 billion.
DiNapoli: NYS Office for the Aging Falling Short Funding Program for Seniors
The New York State Office for the Aging (NYSOFA) failed to spend millions of dollars on programs geared to support senior citizens, even during the COVID-19 pandemic when the need was greater, according to an audit releas
DiNapoli Calls on Major Corporations to Conduct Racial Equity Audits
New York State Comptroller Thomas P. DiNapoli and the state’s pension fund today announced the filing of shareholder proposals seeking an independent audit of companies’ practices related to racial equity.
New York State Comptroller Thomas P. DiNapoli Statement on State Executive Budget Proposal
New York State Comptroller Thomas P. DiNapoli released the following statement on Governor Hochul’s executive budget proposal:
DiNapoli: State Ends Third Quarter of State Fiscal Year on Solid Financial Footing
Tax receipts for the first nine months of State Fiscal Year (SFY) 2021-22 continue to exceed projections, totaling $84.4 billion. This amount is significantly higher than the most recent forecast by the Division of the Budget contained in the Mid-Year Update to the Financial Plan.
Audits of State Agencies and Public Authorities: Five-Year Listing (October 1, 2015 – September 30, 2020), January 2022
This listing includes all final audit reports related to State agency and public authority operations issued during the five-year period from October 1, 2015 through September 30, 2020, and is a companion to the 2020–2021 Annual Report on Audits.
2020-2021 Annual Report on Audits of State Agencies and Public Authorities, January 2022
This annual report summarizes the results of all the State agency and public authority audit reports issued by the Office of the State Comptroller from October 1, 2020 through September 30, 2021.