The Metropolitan Transportation Authority (MTA) is on stronger financial footing than seven months ago with $1.9 billion in unanticipated resources now expected to be available over the course of the financial plan period, yet it still plans to raise fares and tolls by 15 percent over a three-year period, according to an analysis of the MTA’s financial plan released today by New York State Comptroller Thomas P. DiNapoli.
The Metropolitan Transportation Authority’s (MTA’s) East Side Access project, which will bring Long Island Rail Road (LIRR) service to Grand Central Terminal for the first time, is expected to cost nearly $9 billion when finished in 2019, more than twice the MTA’s initial cost estimate and a decade later than expected, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
More than 30 years after the Americans with Disabilities Act (ADA) prohibited discrimination on the basis of a disability, too many New York City Parks Department facilities have barriers to people with disabilities and many don’t meet ADA standards, according to an audit by State Comptroller Thomas P. DiNapoli.
New York City’s $104.8 billion preliminary fiscal year (FY) 2024 budget has benefitted from better-than-projected revenue collections, the reallocation of unused federal pandemic relief funds and savings initiatives. The Comptroller's office assumes that a number of the fiscal risks the City currently faces will continue, increasing the planned budget gap to about $8.9 billion in FY 2025 and $13.9 billion in FY 2027, even when adjusting for stronger revenue collections.
New York City’s $104.8 billion preliminary fiscal year (FY) 2024 budget has benefitted from better-than-projected revenue collections, the reallocation of unused federal pandemic relief funds and savings initiatives, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli issued the following statement today on the Metropolitan Transportation Authority (MTA)’s February Financial Plan:
New York City lacks needed guidelines and policies for agencies’ use of artificial intelligence (AI), leaving it vulnerable to misguided, inaccurate or biased outcomes in several programs that can directly impact New Yorkers’ lives, an audit released today by New York State Comptroller Thomas P. DiNapoli found.
Like many cities across the United States, New York City has adjusted its budget priorities during the COVID-19 pandemic to help address pressing needs. This report examines how the City’s spending priorities shifted during the pandemic, including increases to support education, public safety, quality of life improvements and social services, as well the risks and uncertainties that could impact these newly funded programs in the long term.
Like many cities across the United States, New York City has adjusted its budget priorities during the COVID-19 pandemic to help address pressing needs, but some new critical programs and services may face fiscal cliffs, according to a new report from State Comptroller Thomas P. DiNapoli. The report compared the city’s pre-pandemic and current preliminary budgets for Fiscal Year 2024 (FY24) to examine how spending priorities shifted.
New York State Comptroller Thomas P. DiNapoli released the following statement on New York City Mayor Eric Adams' State of the City address:
“The State of the City address delivered by Mayor Eric Adams put forth his vision for a city that keeps New Yorkers safe and prioritizes the economy, affordable housing and essential services. I commend the mayor's bold plan of action for a city that supports working families.
