The $229 billion Enacted Budget for State Fiscal Year 2023-24 includes new recurring spending for schools, mental health services, and health care, as well as resources for the Metropolitan Transportation Authority and for emergency rental assistance. While these and other measures will increase spending, revenues are projected to decrease for the second year in a row, as temporary federal aid is depleted and tax collections decline.
The $229 billion Enacted Budget for State Fiscal Year (SFY) 2023-24 includes new recurring spending for schools, mental health services, and health care, as well as resources for the Metropolitan Transportation Authority (MTA) and for emergency rental assistance. Preliminary estimates show All Funds spending will grow nearly 4% year-over-year amid a projected drop in revenues and as temporary federal aid is spent down, according to an analysis by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
Local sales tax collections in New York state increased by 1.5% in April compared to the same month in 2022. Overall, local collections totaled $1.74 billion, up $25.8 million compared to the same time last year.
Local sales tax collections in New York state increased by 1.5% in April compared to the same month in 2022, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.74 billion, up $25.8 million compared to the same time last year.
The unemployment rate for mothers in New York City has improved but it remains higher than it was prior to the pandemic. In 2022, 5.7% of City moms in the workforce were unemployed compared to 3.4% nationally. Black mothers in the City are the hardest hit, facing an unemployment rate of 9%. Some mothers in the City appear to be looking for flexible options outside full-time work, especially compared to the rest of the State and the nation.
The unemployment rate for mothers in New York City has improved but it remains higher than it was prior to the pandemic, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The report also found that 5.7% of city moms in the workforce were unemployed in 2022 compared to 3.4% nationally. Black mothers in the city are the hardest hit, facing an unemployment rate of 9%.
New York State Comptroller Thomas P. DiNapoli and New York City Comptroller Brad Lander today announced that they have called on Netflix shareholders to support their joint proposal urging the streaming service to uphold its employees’ rights to freedom of association and collective bargaining. Their shareholder proposal will be subject to a vote at the company’s annual meeting on June 1, 2023.
Escalating debt service costs have long been a source of financial pressure at the MTA. The pandemic exacerbated these pressures causing ridership to drop and tax revenues to dry up. However, new sources of recurring revenue in the enacted State budget and other aid give the MTA an opportunity to ease the pressure that growing debt places on its operations and to stabilize its future finances.
MTA Should Use This Opportunity to Ease Debt and Strengthen Future Budgets
