State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
Admin
Housing Production in New York City
New York City’s efforts to address its housing shortage have led to a growth in supply that outpaced that of the State, but a drop in permits suggests slower growth may be on the horizon. The City gained 307,000 housing units from 2010 through 2023, an increase of 9%, bringing the total to over 3.7 million. Brooklyn gained the most over that time, with 11.4% growth to reach 1.1 million units or 30% of housing citywide.
DiNapoli: NYC’s Solid Housing Growth at Risk As Permits Fall
New York City’s efforts to address its housing shortage have led to a growth in supply that outpaced that of the state, but a drop in permits suggests slower growth may be on the horizon, according to a report released today by State Comptroller Thomas P. DiNapoli. The report examines where new housing has been concentrated since 2010 and implications for growth in other areas under the “City of Yes” initiative and the creation of the 485-x affordable housing program.
Economic Policy and Insights: Benefits of the Inflation Reduction Act
This report details New York’s financial impact from the energy and environmental portions of the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds that could help lower costs during New York’s transition to clean energy. IRA programs represent a significant source of funding as the State pursues policies to reduce greenhouse gas emissions and improve resiliency. There is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.
State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
DiNapoli Announces Scheduled Sale of $541M State of New York General Obligation Bonds
State Comptroller Thomas P. DiNapoli today announced the details of the upcoming New York state General Obligation bond issue totaling $541.1 million. A competitive sale of tax-exempt and taxable bonds is scheduled for March 18. The state expects to sell $347.8 million of new money for transportation, education and environmental purposes and, depending on market conditions, $193.3 million to refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs.
State Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook
New York State Comptroller Thomas P. DiNapoli and Department of Financial Services Superintendent Adrienne A. Harris today announced the approval of Spring Bank’s Red Hook Branch as a Banking Development District (BDD) and deposited $10 million in public funds to the bank.
DiNapoli: Audit Recommends Improvements in Services for Survivors of Human Trafficking
The New York State Office of Temporary and Disability Assistance (OTDA) can take steps to improve its efforts to ensure survivors of human trafficking receive the services and assistance available to them, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.
DiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers
A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.