As New York’s older population continues to increase and the federal funding that supports them becomes less predictable, understanding demand for services, how funding has addressed unmet needs and the challenges for fully supporting New Yorkers as they age is vital. This report focuses on programs administered by New York State Office for the Aging (NYSOFA), particularly in-home services.
For questions on available information or resources, or to learn more about State Comptroller DiNapoli’s financial literacy initiative, email [email protected]
Financial literacy empowers New Yorkers with skills, knowledge and education to make informed decisions with their money. In the wake of economic hardships caused by the pandemic, inflation, and higher interest rates, financial literacy is more vital than ever. State Comptroller DiNapoli’s financial literacy initiative provides regular updates with information and resources on financial concepts, such as budgeting and saving, so New Yorkers can make better short- and long-term spending decisions and protect themselves from scams.
It’s never too early or too late to think about saving for a loved one’s future education costs! The State Comptroller and the New York State Higher Education Services Corporation co-administer NY's 529 College Savings Program, which allows you to open a tax-free account to fund a range of eligible educational programs, including:
New York's Achieving a Better Life Experience Program (NY ABLE) is a tax-advantaged savings and investment plan that helps individuals with disabilities achieve greater financial security and a better quality of life by allowing them to save for qualified medical and living expenses, without limiting their ability to benefit from Medicaid, SSI and certain other means-tested benefit programs.
For details about how to qualify for tax benefits, please review the Disclosure Booklet and Participation Agreement.
It’s always important to take control of your own personal finances and to teach children about sound financial practices. Financial Literacy is a skill with lifelong benefits. Kids as young as preschool age can learn how to handle money, budget and save. Here are two resources that provide a wide range of personal finance information that could help you now and in the future:
The New York State Department of Education and Board of Regents recently passed a financial literacy requirement for students ages K – 12. The links below provide comprehensive, free materials to use in preparing lesson plans for teaching personal finance.
For help, please check with Federal and State resources:
To check on the status of your income tax refunds, visit:
This snapshot examines key indicators such as income, assets, debt, and financial stress, offering insight into how New Yorkers have fared in recent years and how they compare to national trends.
amNewYork on Saturday published an op-ed from New York State Comptroller Thomas P. DiNapoli.
Newsday on Monday published an op-ed from New York State Comptroller Thomas P. DiNapoli and New York State Education Commissioner Betty A. Rosa.
Fund Valued at $283.9 Billion
Comptroller DiNapoli wants New Yorkers to know how their tax dollars are spent. Without transparency in government, there cannot be accountability. Open Book New York provides comprehensive financial data on State contracts, payments, spending and more.
New York City’s adopted $119.7 billion fiscal year 2026 budget is currently balanced (including pre-payments) but there are significant concerns over funding from Washington and slowing economic growth that could jeopardize its financial position and discretionary programs if greater preparation is not taken. The City must make balanced and prudent fiscal choices in the coming year while managing its substantial operational needs and encouraging employment and business growth to enhance its economic and tax revenue base.
