2017 New York State Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2017.
The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2017.
The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2018.
The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2019.
As New York State struggles to meet the challenges of its current fiscal crisis, State policy makers must find ways to encourage growth in various sectors of the State’s economy to ensure the long-term fiscal health of the State. Small businesses – including those owned by minorities and women – are a vital part of that economy.
The economic outlook contained in the Governor’s Executive Budget proposal for State Fiscal Year 2021-22, released this week, anticipates continuing but slow improvement for employment and other economic indicators, as well as tax revenues.
New Yorkers’ average student loan balance rose by 3.9 percent from the previous year to $37,600 as of June 2020, according to newly available data from the Federal Reserve Bank of New York.
The New York State Health Insurance Program (NYSHIP), administered by the State Department of Civil Service (Civil Service), is one of the nation's largest public sector health insurance programs. NYSHIP covers over 1.2 million active and retired State, local government, and school district employees, and their dependents. The Empire Plan is the primary health benefits plan for NYSHIP, covering 1.1 million of the NYSHIP members.
Recent audits of dual employment in six State entities found that managers and supervisors failed to monitor employee time and attendance. At every agency where auditors found employees who violated time and attendance policies, there were also supervisors and managers who didn’t know where their employees were or who allowed employees to misrepresent the hours worked.
As of December 2014, OSC has completed 40 audits of expenses submitted to SED by preschool and/or school age special education providers over the last decade. These audits have cumulatively identified almost $42 million in disallowances, or 7.6 percent of the total claimed expenses of $544 million for the audit period.