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DiNapoli Releases Analysis of State Financial Plan

After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 Enacted Budget Financial Plan from the Division of the Budget (DOB) projects fiscal stability for the next five years and includes plans to bolster rainy day reserves significantly, according to a report by State Comptroller Thomas P. DiNapoli. However, DiNapoli’s analysis identifies several revenue, spending, and sustainability risks that could disrupt the Financial Plan that should be monitored closely.

DiNapoli Releases Bond Calendar for Third Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York State, New York City and their major public authorities during the third quarter of 2022.

The planned sales of $8.69 billion include $7.19 billion of new money and $1.5 billion of refundings and reofferings as follows:

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 1,326 contracts for state agencies and public authorities valued at $2.4 billion and approved more than 2.5 million payments worth nearly $15.6 billion. The office rejected 123 contracts and related transactions valued at $276.8 million and more than 4,500 payments valued at nearly $11.5 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

DiNapoli: Rechargeable Battery Use Rising Dramatically, But State Not Enforcing Recycling Law Requirements

The state Department of Environmental Conservation (DEC) is not doing enough to ensure rechargeable batteries are recycled as required by law to protect the environment and public safety, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli Honors Caribbean Leaders

New York State Comptroller Thomas P. DiNapoli honored Caribbean and Caribbean American individuals and organizations at a celebration on Monday in honor of Caribbean Heritage Month.

“We gathered in Brooklyn to celebrate the Caribbean community and recognize extraordinary individuals of Caribbean descent. Each of these leaders has given back to New York state through their pursuits in the arts and public service, and I look forward to continuing to support and uplift the diverse communities and cultures that call our great state home,” said State Comptroller DiNapoli.

The Economic Impact of the Great Outdoors

Outdoor recreation in New York provided $21.1 billion in economic activity in 2020 and supported over 241,000 jobs. While New York ranks fourth in the nation on GDP generated by outdoor recreation, outdoor recreation represents a more significant part of the economy in nearly every other state. Efforts to bolster tourism and protect the outdoors are important for spurring greater economic activity and enhancing access to and utilization of these amenities.

The Economic Impact of the Great Outdoors - Charts