The Metropolitan Transportation Authority (MTA) has made substantial progress funding its capital programs and has tried to limit the strain on its operating budget from debt service costs, but potential federal actions threaten its financial future and debt profile, according to State Comptroller DiNapoli’s annual report on the MTA’s capital programs and debt.
The MTA has made substantial progress funding its capital programs and has tried to limit the strain on its operating budget from debt service costs, but potential federal actions threaten its financial future and debt profile.
Stronger than anticipated revenues and lower costs for asylum seekers will help New York City balance its $118 billion fiscal year 2026 budget. However, potential fiscal challenges are emerging, including continued uncertainty regarding federal policy and economic conditions, and fiscal risks from anticipated federal budget cuts. These challenges could limit the City’s potential revenue upside and make it harder to continue to fund recent spending additions for discretionary programs and maintain services.
Stronger than anticipated revenues and lower costs for asylum seekers will help New York City balance its $118 billion fiscal year (FY) 2026 budget, according to a report released today by State Comptroller Thomas P. DiNapoli. However, potential fiscal challenges are emerging, including continued uncertainty regarding federal policy and economic conditions, and fiscal risks from anticipated federal budget cuts.
Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups. Potential federal funding cuts to education and workforce development grants, as well as a looming economic recession, may weaken job prospects for young people.
Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups, according to a report issued by New York State Comptroller Thomas P. DiNapoli. Despite significant improvement in 2023, the city’s youth unemployment rate was higher than the national rate.
The Metropolitan Transportation Authority (MTA) pays for its operating budget from a wide variety of sources, but the decline in paid ridership since the pandemic and economic changes have contributed to significant shifts in those streams of income, a new report from State Comptroller Thomas P. DiNapoli details.
Non-emergency 311 calls in New York City climbed to over 3.4 million in 2024, up 7% from 2023. To increase transparency and help the city respond to growing quality of life complaints, the Office of the New York State Comptroller released a report highlighting trends in service requests over the past five years, and an interactive NYC311 Monitoring Tool to let people see requests in their neighborhood and help identify where resources may be needed.
Non-emergency 311 calls have increased dramatically in New York City since the COVID-19 pandemic. To increase transparency and help the city respond to growing quality of life complaints, State Comptroller Thomas P. DiNapoli launched the NYC311 Monitoring Tool, an interactive dashboard that will let people see service requests in their neighborhood and help identify where resources may be needed.
New York State Comptroller Thomas P. DiNapoli released the following statement on New York City's Fiscal Year (FY) 2026 Executive Budget:
“New York City’s proposed budget released today increases anticipated spending to more than $118 billion in FY 2026, fueled by about $1.7 billion in additional spending to maintain current service levels for students, seniors, parks, sanitation, and healthcare given recent demand.
