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State Contract and Payment Actions in September

In September, the Office of the State Comptroller approved 1,661 contracts for state agencies and public authorities valued at $1.9 billion and approved more than 2 million payments worth nearly $15.9 billion. The office rejected 210 contracts and related transactions valued at $298.1 million and nearly 3,200 payments valued at more than $6.4 million, primarily for mistakes, insufficient support for charges and improper payments. More information on these contracts and payments is available at Open Book New York.

Financial Outlook for the Metropolitan Transportation Authority, October 2024

After a brief period of financial stability secured by an infusion of State funds last year, the Metropolitan Transportation Authority (MTA) now faces growing fiscal uncertainties and risks that create projected budget gaps. Those gaps could grow much wider if various budget risks that the MTA has identified come to pass. A faster-than-expected return of ridership remains one of the key means for improving the fiscal stability of the system and highlighting the importance of continued investment in the assets of the system.

DiNapoli: MTA Budget Gaps Return

After a brief period of financial stability secured by an infusion of state funds last year, the Metropolitan Transportation Authority (MTA) now faces growing fiscal uncertainties and risks that create projected budget gaps that start at $211 million this year and increase to $652 million in 2028, according to a new report from State Comptroller Thomas P. DiNapoli. Those gaps could grow much wider if various budget risks that the MTA has identified come to pass.

Where New Yorkers Work: An Analysis of Industries and Occupations in New York

The State’s employment picture has changed in significant ways since 2000 with the health care and social assistance industry increasing its share of total employment as manufacturing and financial activities shrank. Since the pandemic, the State has taken longer than the nation to regain the jobs lost; the nation fully recovered by June 2022, while for New York, recovery did not occur until April 2024. Despite the relatively slow employment recovery, growth in wages paid to workers has outpaced inflation.

DiNapoli Report Highlights Where New Yorkers Work

A report by State Comptroller Thomas P. DiNapoli shows the state’s employment picture has changed in significant ways since 2000 with the health care and social assistance industries increasing their share of total employment as manufacturing and financial activities shrank. Employment in health care and social assistance had the greatest increase in jobs since 2019, with the sector now comprising nearly one in five jobs statewide.

DiNapoli: State Agency Mishandled Housing Discrimination Complaints

The New York State Division of Human Rights (DHR) failed to properly investigate dozens of housing discrimination cases, undermining its mission to eliminate injustices and promote equal opportunity, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year

State tax receipts totaled $54.6 billion through the first six months of State Fiscal Year (SFY) 2024-25, $682.1 million higher than the state Division of the Budget (DOB) estimates in the First Quarterly Update to the SFY 2024-25 Enacted Budget Financial Plan. On a year-over-year basis, tax collections were $3.1 billion higher than those through September 2023, primarily driven by the Personal Income Tax (PIT) according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.