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DiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid

New York City forecasts a surplus of $965 million in the fiscal year ending in June 2022 (FY 2022), based largely on the receipt of $750 million in unrestricted federal aid, and projects outyear gaps to drop by nearly a third from earlier estimates, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: Local Sales Tax Collections Up More Than 17% in November

Statewide local sales tax collections grew by 17.5% in November compared to the same month in 2020, State Comptroller Thomas P. DiNapoli announced today. Overall, local collections totaled almost $1.6 billion, up $235 million from November of last year. Collections for the month were also notably robust when compared to pre-pandemic levels, up 9.2% (or $133 million) from November of 2019.

Medicaid: Enrollment Growth, COVID-19 and the Future, December 2021

Monthly enrollment in the Medicaid program has grown by about 5 percent per year since January 2007, and exceeded 7 million for the first time in February 2021. This report discusses the factors that have driven growth in Medicaid enrollment and the resulting cost impacts, the relationship between Medicaid enrollment and economic indicators, and the cost implications if the Division of the Budget's anticipated enrollment reductions fail to materialize.

Recent Trends and Impact of COVID-19 in the Greater Flushing Area, December 2021

Flushing, and the surrounding neighborhoods that make up the greater Flushing area, enjoyed outsized employment and business growth from 2000 until Queens became the epicenter of the COVID-19 pandemic. Local challenges that existed before the pandemic, such as affordable housing and broadband access, have made recovery more difficult, but key positive indicators such as job recovery are reasons for optimism.

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Press Conference on the Flushing Snapshot Report

Wednesday, December 15, 2021 | 11:00 AM – 12:00 PM

Comptroller DiNapoli will hold a socially distanced press conference to discuss his report on the economic health of the greater Flushing area in Queens, NY. He will be joined by local elected officials and stakeholders, and will take questions from members of the press afterward.