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Enacted Budget Report: State Fiscal Year 2025-26

The Enacted Budget for State Fiscal Year 2025-26 is projected to total $254 billion, a 5.2% increase in spending at a time when new federal actions on funding and policy may change the relationship between the federal government and states. Federal funding represents more than 1 in 3 dollars in the State’s budget. Federal reductions will have real impacts on the people in the State, whether it is the food or medical care they can afford or even the level of care that hospitals provide.

DiNapoli Releases Analysis of Enacted State Budget

The Enacted Budget for State Fiscal Year (SFY) 2025-26 is projected to total $254 billion, a 5.2% increase in spending at a time when new federal actions on funding and policy may change the relationship between the federal government and states. Actions that have already occurred at the federal level, paired with potential Congressional action, may mean that in the upcoming months New York will see challenges to the recently Enacted State Budget, according to a report by State Comptroller Thomas P. DiNapoli.

RFP#0008 – Audit of OSC Internal Controls

Request for Proposals 

Issued June 9, 2025 

The Office of the State Comptroller (“OSC”) is seeking proposals from independent certified public accounting firms to conduct an independent audit of existing internal controls at OSC as required by Article 45 of the Executive Law and to provide services as further detailed in the solicitation available via the links below. 

The solicitation, and other information as it becomes available, is available for download through the following links:

        

NYS Comptroller Thomas P. DiNapoli Statement on Former Avon Police Chief Sentencing

New York State Comptroller Thomas P. DiNapoli released the following statement today on the sentencing of former Avon Police Chief Joseph Geer for stealing federal funds:

“This police chief swore to uphold the law but instead used his position to enrich himself at the expense of his community. He was ordered to pay back what he stole, and he paid full restitution, amounting to over $6,000. My thanks to U.S. Attorney DiGiacomo and the FBI for partnering with my office to hold him accountable.”

Past Releases

Performance of Industrial Development Agencies in New York State Map

DiNapoli and Ulster County DA Nneji: Father and Son Arrested for Stealing $1.2 million in Medicaid Transportation Fraud Scheme

A father and son, both owners of companies providing Medicaid recipients with transportation services in Ulster County, were charged with stealing over $1.2 million by unlawfully billing Medicaid by inflating charges and billing for services never provided, State Comptroller Thomas P. DiNapoli and Ulster County District Attorney Emmanuel C. Nneji announced today.

Muhammad W. Khan, 40, was arraigned in Ulster County Court. His father, Mohammad A. Khan, 68, was arraigned in Shawangunk Town Court. Both are residents of Campbell Hall.

New York City’s Uneven Recovery: Youth Labor Force Update

Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups. Potential federal funding cuts to education and workforce development grants, as well as a looming economic recession, may weaken job prospects for young people.

DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was 5.84% for the state fiscal year that ended March 31, 2025. The Fund closed the year with an estimated value of $272.8 billion. (Note: In July 2025, following the annual audit of the Fund's financials, that value was revised upward to $273.1 billion.)