The employment numbers for this dashboard are not fully up-to-date. The Office of the State Comptroller uses data provided by the U.S. Department of Labor, which was partially closed during the federal shutdown, and has not yet resumed its normal release calendar.
The Metropolitan Transportation Authority (MTA) pays for its operating budget from a wide variety of sources, but the decline in paid ridership since the pandemic and economic changes have contributed to significant shifts in those streams of income.
The Office of the State Comptroller prepares this report as part of the "Quick Start" process established in the State Finance Law. The report includes revenue and spending projections through SFY 2027-28.
Local government sales tax collections totaled $18.2 billion from January to September 2025, an increase of 4.3% ($747 million) compared to the same period last year. Growth so far this year is higher than the 3.8% average growth rate seen from January to September for the 2010 to 2019 period of recovery and expansion following the Great Recession. | Regional Table [.xlsx]
The frequency of severe weather in the State is growing, taking a toll on New York’s residents, property and economy. While New Yorkers approved the Clean Water, Clean Air and Green Jobs Environmental Bond Act to support resilience investments, the impacts of climate change are a danger to all Americans and require federal action.
Resiliency Efforts Can Limit Damages, but Federal Support is Critical
The securities industry earned $30.4 billion in the first half of 2025, a faster pace than last year, when full year profits totaled $49.9 billion, the fourth-highest level on record. Wall Street’s profits could top $60 billion in 2025 if current trends continue. Tax collections related to the industry continue to be strong, growing by over 35 percent in 2024 compared to 2023, and are likely to exceed forecasts given the strength in the industry in 2025.
DiNapoli Anticipates Higher-Than-Expected City and State Tax Collections If This Pace Continues
The stability of the MTA's finances is increasingly reliant on its ability to find significant savings, grow ridership, and efficiently execute capital improvements. By prioritizing and delivering capital investments and continuing efforts to find ways to provide more cost-efficient service that remains safe, frequent and reliable, the MTA will ultimately improve the ridership experience. This will further strengthen farebox operating revenues and better prepare the MTA for uncertainty in the coming years.
Audit suggests cutting red tape so schools can get local products and qualify for a higher state reimbursement
