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State Comptroller DiNapoli Warns Major Federal Cuts Will Harm State’s Finances
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New York’s Balance of Payments in the Federal Budget – Federal Fiscal Year 2023, April 2025
For the fourth year in a row, federal pandemic relief funds resulted in New York having a positive balance of payments with Washington. For every tax dollar New York paid to Washington in Federal Fiscal Year 2023, the State received $1.06 in return; the national average was $1.32. New York’s balance of payments was $912 per capita, ranking New York 42nd among states. This report is the ninth in a series by the Office of the State Comptroller that examines the flow of funds between the federal government and the states.
State Comptroller DiNapoli Releases Municipal & School Audits
East Ramapo Central School District – Budget Review (Rockland County)
Auditors identified a number of issues with revenues and expenditures. They found the district’s unassigned fund balance increased from $4.4 million in 2021-22 to $31.3 million in 2023-24 and unassigned fund balance as a percentage of the ensuing year’s appropriations increasing from 1.7% in 2021-22 to 9.2% in 2023-24, exceeding the 4% statuory limit.
Archived: Legislative Session 2023–2024
Introduced
- Examination of Sealed Records – S.9729 (Hoylman-Sigal) – Relates to the examination of certain sealed records by the New York State Comptroller.
Passed the Senate
DiNapoli Releases 2024 Fiscal Stress Scores for Villages and Some Cities
State Comptroller Thomas P. DiNapoli today announced that nine villages were designated in fiscal stress under his office’s Fiscal Stress Monitoring System (FSMS) for their fiscal year ending in 2024. DiNapoli’s office evaluated all non-calendar year local governments that filed their financial reports in time to be scored and designated three villages in “significant fiscal stress,” two in “moderate fiscal stress,” and four as “susceptible to fiscal stress.”
Federal Fisc: Social Banner
Refunding of State Bonds
Comptroller DiNapoli's Legislative Program
Legislative Session 2023-2024:
Refunding of State Bonds – A.5833 /S.5442 (Pretlow/Krueger) - Signed as Chapter 102 of the Laws of 2025 – Removes the three percent limit on the call premium that may be reserved to the state for the purposes of redeeming or refunding state bonds.
Public Posting of Certain Contracts
Comptroller DiNapoli's Legislative Program
Legislative Session 2025-2026:
Public Posting of Certain Contracts – A.6707 (Solages) – Requires a public listing of certain emergency and exempted contracts, which are otherwise subject to the approval of the State Comptroller.
DiNapoli: Greene County Couple Arrested for Allegedly Stealing Over $35,000 in Pension Payments
New York State Comptroller Thomas P. DiNapoli, Greene County District Attorney Joseph Stanzione, and the New York State Police Superintendent Stephen G. James announced the arrest of a Tannersville couple, Kelly Tuomey, 56, and her husband, Stephen B. Tuomey, 60, today for allegedly stealing over $35,000 in pension payments.
DiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
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Tax collections for State Fiscal Year (SFY) 2024-25 totaled $117.5 billion, $2.1 billion higher than forecast by the Division of the Budget (DOB) in the SFY 2025-26 Executive Budget Financial Plan, according to the March State Cash Report released by New York State Comptroller Thomas P. DiNapoli.