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Financial Outlook for the Metropolitan Transportation Authority, October 2024

After a brief period of financial stability secured by an infusion of State funds last year, the Metropolitan Transportation Authority (MTA) now faces growing fiscal uncertainties and risks that create projected budget gaps. Those gaps could grow much wider if various budget risks that the MTA has identified come to pass. A faster-than-expected return of ridership remains one of the key means for improving the fiscal stability of the system and highlighting the importance of continued investment in the assets of the system.

Where New Yorkers Work: An Analysis of Industries and Occupations in New York

The State’s employment picture has changed in significant ways since 2000 with the health care and social assistance industry increasing its share of total employment as manufacturing and financial activities shrank. Since the pandemic, the State has taken longer than the nation to regain the jobs lost; the nation fully recovered by June 2022, while for New York, recovery did not occur until April 2024. Despite the relatively slow employment recovery, growth in wages paid to workers has outpaced inflation.

DiNapoli: State Agency Mishandled Housing Discrimination Complaints

The New York State Division of Human Rights (DHR) failed to properly investigate dozens of housing discrimination cases, undermining its mission to eliminate injustices and promote equal opportunity, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year

State tax receipts totaled $54.6 billion through the first six months of State Fiscal Year (SFY) 2024-25, $682.1 million higher than the state Division of the Budget (DOB) estimates in the First Quarterly Update to the SFY 2024-25 Enacted Budget Financial Plan. On a year-over-year basis, tax collections were $3.1 billion higher than those through September 2023, primarily driven by the Personal Income Tax (PIT) according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.

Subway Recovery Tracker

The COVID-19 pandemic had a profound and disparate impact on subway ridership in New York City. Initially, the emergence of the virus in March and April 2020 corresponded with a steep and uniform drop in subway usage across all five boroughs. Citywide, April 2020 ridership was just 8.3 percent of what it was in April 2019, and through the summer of 2024 ridership has yet to regularly surpass 70 percent of pre-pandemic levels.

Benefits

Benefits

The Office of the State Comptroller offers competitive salaries and benefits, and opportunities for advancement, continuing education and professional development. We provide a professional environment where employees are encouraged to push themselves while maintaining work-life balance.

A Full-Range of Insurance Options

  • Comprehensive health, dental and vision insurance packages (including prescription drug coverage) available to all employees and their dependents.
  • Opt-Out Program allows eligible employees, who have other employer-sponsored group health insurance, to opt-out of their insurance coverage in exchange for an incentive payment.
  • Productivity Enhancement Program (PEP) allows eligible employees to exchange previously accrued leave in return for a credit to be applied toward their health insurance premiums on a bi-weekly basis.

Paid time off (for union-represented employees)

  • 13 vacations days, 13 sick days, and 5 personal days annually
  • 13 paid holidays annually

Flex spending accounts

  • Health Care Spending Account – provides employees the opportunity to pay for health-related expenses with tax-free dollars.
  • Dependent Care Advantage Account – provides employees the opportunity to pay for child care, elder care or other dependent care expenses on a pre-tax basis.

Continuous Learning Environment

  • We’re committed to a continuous learning environment that helps employees realize their full potential.
  • Tuition assistance available contingent upon contract negotiations.