The Office of the State Comptroller recommends that, before State agencies are authorized to use P3 financing, policy makers should first develop a better understanding of the potential costs and benefits of this approach. This report identifies a number of the risks associated with privately financed infrastructure agreements and suggests ways to reduce such risks.
This report summarizes data for fiscal year 2021, the most recent data reported by IDAs through the Public Authorities Reporting Information System. The report also contains a brief discussion of local development corporations, a related type of local authority. For IDA-level summary data, see our Interactive Map.
New York’s 107 local Industrial Development Authorities (IDAs) reported 4,324 active projects with an aggregate value of $126 billion in 2021, a 10.4%, or $11.9 billion, increase compared to 2020, according to a report released today by State Comptroller Thomas P. DiNapoli. The number of IDA projects increased by 1.5%.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
A new report released today by State Comptroller Thomas P. DiNapoli finds that after a nationwide spike in unemployment, New Yorkers with disabilities continue to face a higher unemployment rate than the national average for those with disabilities. In 2020, unemployment rates for working-aged people with a disability soared in both New York and the nation, reaching 13.9% and 13.4%, respectively. The national rate dropped to 8.2% in 2022, but in New York it was 11.9%.
The COVID-19 pandemic led to soaring unemployment rates for people with disabilities, and these rates have not declined as quickly in New York as they have nationally. This report highlights the continued need for solutions that facilitate increased employment for people with disabilities in New York.
Report Names Inconsistent Oversight and Guidance as Causes
The state Department of Health can do more to control costs and save taxpayers money by making sure it gets the drug rebates that it is entitled to under federal regulations, according to an audit by State Comptroller Thomas P. DiNapoli. DiNapoli’s office has conducted a series of audits on this issue with similar results.
