New York City

Review of the Financial Plan of the City of New York, February 2024

Better-than-projected revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year 2025, but outyear budget gaps remain large due to the end of federal pandemic aid and a lack of federal funding to support asylum seeker costs. Additional City funding for education and social services programs that support working-class families may be needed if those programs will be maintained at current levels in the future.  

DiNapoli: New York City's Budget Outlook Improves

Better-than-projected revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in the future, according to State Comptroller Thomas P.

A Review of Capital Needs at the Metropolitan Transportation Authority

In October 2023, the MTA issued its latest 20 Year Needs Assessment (TYNA), which provides an unrestrained view of the capital needs of the system. This report from the Comptroller’s office examines the TYNA, reviews the depth of work needed to upgrade New York’s regional transit and highlights the urgent need for the MTA to state its priorities and funding plans as early as it can.