New York City

Issues Facing New York City's Agencies: Department of Health and Mental Hygiene

The pandemic impacted the delivery of some core public health services as agency resources were shifted to the COVID-19 response and fewer people sought health care. Responding to the mental health needs of people impacted by the pandemic, the Mayor launched Mental Health for All, a comprehensive website and public education campaign that coordinates mental health resources across City agencies, including the Department of Health and Mental Hygiene.

Issues Facing New York City's Agencies: City of New York

The pandemic has disrupted the provision of services to students and precipitated declines in enrollment at CUNY, as in most education systems. CUNY received more than $1.5 billion in federal aid across three federal relief packages to mitigate the impacts of the pandemic, including a minimum of $634 million which must be provided directly to students. Only $386 million of the total remains to be allocated in fiscal years 2022 and 2023.

Issues Facing New York City's Agencies: New York City Department of Education

Extraordinary emergency federal aid eliminated the most serious potential fiscal impacts of the pandemic. However, school closures, the necessary integration of remote learning, and the inability to provide in-person supplemental services to students have disrupted two consecutive school years, with significant negative impacts on student learning outcomes.

Review of the Financial Plan of the City of New York, May 2022

New York City’s FY 2023 Budget and April Financial Plan shows the city has benefited from stronger-than-anticipated tax collections, outsized federal grant revenue from relief programs, savings in pension contributions from extraordinary asset gains in FY 2021, and announced additional savings programs, including significant vacancy reductions. However, better-than-projected fiscal performance may be short-lived amid inflation, geopolitical tension and supply chain issues.

New York City’s Uneven Recovery: An Analysis of Labor Force Trends

New York City lags the rest of the State and the nation in restoring pandemic job losses and in rebounding to pre-pandemic levels of unemployment. The recovery has also been uneven, with high-wage economic sectors generally faring better than low-wage sectors. This report aims to understand the main differences in labor force participation among the City’s workers and the reasons for the City’s slow recovery when compared to rest of the State and the nation.

Recent Trends and Impact of COVID-19 in Brooklyn, May 2022

From 2010 to 2020, Brooklyn experienced substantial economic growth, with employment and business growth rates outpacing the rest of New York City. However, the pandemic halted its economic progress and exacerbated existing inequalities in the borough. Brooklyn’s economy is showing signs of recovering to pre-pandemic levels, but City and State officials will need to collaborate with community leaders to ensure an equitable recovery.

New York State Comptroller DiNapoli on NYC Executive Budget

“New York City released its Fiscal Year (FY) 2023 Executive Budget today, totaling $99.7 billion, allocating funds to newly announced agency initiatives and addressing a number of risks in the budget.

"The city’s short-term finances have improved dramatically from budget adoption and still has room to improve before the end of the year.

Annual Update: Metropolitan Transportation Authority’s Debt Profile, April 2022

Despite unprecedented federal aid, the MTA is still faced with determining how it will close its budget gaps in the future. If riders do not return faster than the MTA projects, or if new sources of revenue are not found, rising debt payments could force the MTA to close future budget gaps through service cuts, greater than planned fare hikes, or delays to critical capital projects.

DiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return

Despite unprecedented federal aid and better-than-expected state tax revenues, the Metropolitan Transportation Authority (MTA) continues to plan to use borrowing techniques that push difficult financial decisions into the future and could leave less money to pay for services, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s debt.

DiNapoli: Inflation in NYC Metro Area Up 6.1% in March, Growing at Highest Rate in 30 Years

Recent data from the U.S. Bureau of Labor Statistics (BLS) indicates consumer prices grew by 6.1% in the New York City Metropolitan Area in March 2022 compared to the same month one year ago, driven by double-digit increases in the costs of energy and transportation. Despite lagging inflation growth nationally and in other large metro areas, NYC metro area price increases appear poised to outstrip earnings growth.