2021 NYSLRS Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2021.
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DiNapoli: Second Former Mechanic at State Police Garage Pleads Guilty to Felony
State Comptroller Thomas P. DiNapoli, Madison County District Attorney William Gabor and New York State Police Superintendent Kevin P. Bruen today announced that former state police mechanic Jeffrey Rapasadi has pleaded guilty to corrupting the government in the third degree, a felony, and petit larceny, a misdemeanor. At the time of his plea, he paid back $12,865 in restitution and was placed on interim probation.
This is the second guilty plea that has resulted from their joint investigation.
State Contract and Payment Actions in August
In August, the Office of the State Comptroller approved 1,439 contracts for state agencies and public authorities valued at $1.4 billion and approved more than 18.9 million payments worth more than $14.7 billion. The office rejected 137 contracts and related transactions valued at $149.5 million and more than 14,800 payments valued at more than $8.9 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
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NYC’s regional transit system averted a pandemic disaster with $10.5 billion in federal aid. In 2025, that money runs out. Looming challenges may create new emergencies if not addressed quickly.
DiNapoli: MTA Financial Outlook in Precarious Balance
The Metropolitan Transportation Authority (MTA) has fended off fiscal disaster brought on by the COVID-pandemic, but it is not out of the woods yet, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
Financial Outlook for the Metropolitan Transportation Authority - September 2021
Since the start of the COVID-19 pandemic, the MTA has been in a state of existential crisis. The Comptroller’s annual report on the MTA’s finances details how the combination of higher spending, the winding down of federal aid, the risk of lower ridership levels, increased impact from extreme weather, potential service reductions and other factors put the MTA in danger starting in 2025.
2021 Financial Condition Report
For Fiscal Year Ended March 31, 2021
Data Sources
- Center for the Study of Education Policy, Illinois State University
- City of New York Department of Correction
- City University of New York
- Federal Reserve Bank of New York
- Fitch Ratings
- IHS Markit
- Internal Revenue Service
- Moody’s Investors Service
- National Association of State Budget Officers
- NYC Office of Management and Budget
- NYS Department of Agriculture and Markets
- NYS Department of Corrections and Community Supervision
- NYS Department of Environmental Conservatio
