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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

State Comptroller DiNapoli Statement on 2025 State of the City Address

January 9, 2025

New York State Comptroller Thomas P. DiNapoli released the following statement on New York City Mayor Eric Adams' 2025 State of the City address:

“New York City is in a better financial position than a year ago, enabling the initiatives proposed today to make the city more affordable for working-class New Yorkers,” DiNapoli said. “The new proposals must be carefully managed and monitored to ensure they benefit the New Yorkers they are meant to serve and be sustainably funded and efficiently delivered. The city should also leverage improving finances to increase its rainy-day reserves to protect essential services because economic and fiscal uncertainty loom and having a substantial rainy-day fund will help the city weather any future storms. We’ll be monitoring the proposals closely as the Mayor presents his budget, and we’ll issue an analysis.”

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