Local Government

Are Local Governments Approaching a Fiscal Cliff?

The end of federal stimulus programs, combined with volatile annual state and local revenues, can impact local government budgeting and potentially lead to a fiscal cliff.

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Annual Report on Local Governments for Fiscal Year End 2023

This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2023. In FYE 2023, local governments and school districts were generally able to maintain fund balance levels and cash on hand due to pandemic-related federal funding and large increases in state aid, while lower inflation compared to FYE 2022 tempered growth in expenditures on equipment and materials. | NYS Local Government Interactive Data

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Local Sales Tax Collections Increased by 1.6 Percent in 2024

Sales tax collections for local governments and other local taxing entities in New York State totaled $23.4 billion in calendar year 2024, up 1.6 percent (or nearly $376 million) from the prior year. This increase not only marked the lowest year-over-year rate of growth in collections since the COVID-related decline in 2020, but it was less than half the average annual growth rate (3.8 percent) for the 2011 to 2019 period of recovery and expansion following the Great Recession. New York City’s collections grew by 2.8 percent, year over year, while the counties and cities in the rest of the state, in aggregate, experienced 0.6 percent growth. | Regional Table [xlsx]

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Fiscal Stress Monitoring System: School District Results for 2023-24

This report highlights Fiscal Stress Monitoring System (FSMS) results for school districts that reported for school fiscal year (SY) 2023-24, which ended on June 30, 2024. Of the 670 districts scored, 22, or 3.3 percent, received a fiscal stress designation. This is six more than in SY 2022-23. The report also includes a look at districts that have experienced chronic fiscal stress over the twelve years since FSMS began and a brief analysis of the system’s companion set of environmental indicators. The environmental indicators show an increase in districts experiencing high teacher turnover and a decrease in those with a declining property tax base.

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New Official Guide

New Official Quick Start Guide

The Comptroller's Division of Local Government and School Accountability provides essential support to these officials to keep operations and services running smoothly for New Yorkers. If you’re a new local government official, complete the five tasks in this guide to get started in your new role.

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